Sellers just fell into a deadly liquidity trap, and they still don’t realize that their balances are about to evaporate.
While everyone expected a breakdown, coin $SOXS
executed a silent social rebound in the shape of a V—from the $45.26 level up to $49.89 (+7.94%). Look at the institutional trading volume flowing in—more than $160.98 million in 24 hours as the price tests the $50.05 level.
I’m holding firmly to my bullish stance because breaking through this psychological barrier will trigger a brutal liquidation process for sellers. Margin watching will be extremely painful.
While everyone expected a breakdown, coin $SOXS
executed a silent social rebound in the shape of a V—from the $45.26 level up to $49.89 (+7.94%). Look at the institutional trading volume flowing in—more than $160.98 million in 24 hours as the price tests the $50.05 level.
I’m holding firmly to my bullish stance because breaking through this psychological barrier will trigger a brutal liquidation process for sellers. Margin watching will be extremely painful.
