$SOXLB The price is near the support level at 80.37 and is about 1 % away from the 1-hour moving average, while an RSI of 18.6 indicates oversold conditions.
If the price bounces off support and starts moving up, it could target 106.81, followed by 120.00. If it retraces to the low of 80.37, the 70.00 level could become a new barrier.
Weigh the risks: a sharp 24-hour drop and high volume could increase volatility, so stay alert. #Binance
If the price bounces off support and starts moving up, it could target 106.81, followed by 120.00. If it retraces to the low of 80.37, the 70.00 level could become a new barrier.
Weigh the risks: a sharp 24-hour drop and high volume could increase volatility, so stay alert. #Binance