SOXLB is currently at 81.65, up +5.29% over the past 24 hours. This short-term rally has clearly come with heavy volume, and buy orders are coming in quickly, leaving the price almost no room to pull back.
After a sharp, high-volume rally, overhead selling pressure and short-term profit-taking are likely to emerge at the same time. The key things to watch next are whether volume can stay at this level and whether buyers step in on a pullback near 81. The signs of a tug-of-war between market participants are more worth watching than the gain itself.
#SOXLB #Crypto #BinanceSquare $SOXLB
After a sharp, high-volume rally, overhead selling pressure and short-term profit-taking are likely to emerge at the same time. The key things to watch next are whether volume can stay at this level and whether buyers step in on a pullback near 81. The signs of a tug-of-war between market participants are more worth watching than the gain itself.
#SOXLB #Crypto #BinanceSquare $SOXLB
