$SOXS 24h drops 8.435% to 32.28, yet the 1-hour trading amount is still pushed to 4.2 times the 24-hour average—volume is getting smashed in, but the price isn’t breaking down!
The 1-hour active buy/sell ratio is slightly on the buy side at 1.014 at best, then falls to 0.93 within 15 minutes as sellers take over. The open-position value decreases by 0.78% to 17.54 million, with longs exiting rather than piling in new shorts. Funding rate is +0.0144%—longs are still paying a small amount. As long as it doesn’t lose the 24-hour low of 31.93 and the buy/sell ratio stays back above 1, it counts as a stop to the decline; if it can’t break through 32.55 from 1 hour ago and the buy/sell ratio continues below 1, then it’s a weak rotation of turnover.
#SOXS
The 1-hour active buy/sell ratio is slightly on the buy side at 1.014 at best, then falls to 0.93 within 15 minutes as sellers take over. The open-position value decreases by 0.78% to 17.54 million, with longs exiting rather than piling in new shorts. Funding rate is +0.0144%—longs are still paying a small amount. As long as it doesn’t lose the 24-hour low of 31.93 and the buy/sell ratio stays back above 1, it counts as a stop to the decline; if it can’t break through 32.55 from 1 hour ago and the buy/sell ratio continues below 1, then it’s a weak rotation of turnover.
#SOXS
