$SOXLB hit a high of 130.83 today and is now at 119.91—that’s an 8.3% drop from the peak. But the 24h change column is still showing green at +1.17%. That figure is calculated from yesterday’s opening price and has nothing to do with anyone who chased the price today. Here’s the counterintuitive part: it’s down 4.88% over 4h, yet trading volume over the past hour was only 0.7 times the 24h average—volume is drying up. No one is stepping in to buy the dip, but no one is rushing to sell either; both sides are waiting. 116.21 is the only level I’m watching. If it breaks, this rally will have been a complete false breakout.

#SOXLB #BinanceSquare #Crypto