$SOXLB dropped 9.53 percent to 62.49 on $44.58M volume, testing the lower end of its recent 62.33 to 79.19 range. 📉
Hourly closes show continued selling pressure with volume running below the daily average at 0.82x, indicating thin participation rather than heavy accumulation.
A bullish confirmation requires reclaiming ground above the recent range midpoint, while a break beneath 62.33 invalidates the setup.
Will buyers defend the 62.33 low, or does falling below this boundary confirm deeper downside risk?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare
Hourly closes show continued selling pressure with volume running below the daily average at 0.82x, indicating thin participation rather than heavy accumulation.
A bullish confirmation requires reclaiming ground above the recent range midpoint, while a break beneath 62.33 invalidates the setup.
Will buyers defend the 62.33 low, or does falling below this boundary confirm deeper downside risk?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare