📈 $SOXLB — Breakout or Bull Trap?

SOXLB is trading at 107.46 USDT, above EMA20 (103.63) and EMA50 (99.07).

Here's what caught my attention:
🔥 Volume is 0.52x the average
📊 RSI sits near 70.31
🎯 Resistance: 108.6
🛡️ Support: 98.32

The bullish case: A confirmed breakout above resistance could open the door to further upside.

The bearish case: Losing support would weaken the current setup.

Would you wait for confirmation or watch for a rejection? 👀

Not financial advice.

#SOXLB #TechnicalAnalysis #Crypto