It's up: SOXLB +11.6% in 24h
First thing I did after getting up was check the market. I've been watching this SOXLB move for a while: $46.01, +11.6% in 24h, $70 million in trading volume, and a volume ratio of 2.3. SPCXB also moved, up +8.4% ($50 million).
Resistance is at $109.11 (137.1% away), with $169.84 above that. A breakout would mean clearing $109.11 on increased volume and holding above it. If it fails to break through on the first test, wait for a pullback and get back in if it holds above the $38.81 support. If it breaks below, it was a false breakout—accept it.
In this kind of market, if you're heavily positioned, be sure to decide on your stop-loss level before making a move. Not investment advice.
How are you handling this move?
These are my personal observations of the market and do not constitute trading advice. DYOR.
$SOXLB $SPCXB #SOXLB #SPCXB #BTC #MarketMovers
First thing I did after getting up was check the market. I've been watching this SOXLB move for a while: $46.01, +11.6% in 24h, $70 million in trading volume, and a volume ratio of 2.3. SPCXB also moved, up +8.4% ($50 million).
Resistance is at $109.11 (137.1% away), with $169.84 above that. A breakout would mean clearing $109.11 on increased volume and holding above it. If it fails to break through on the first test, wait for a pullback and get back in if it holds above the $38.81 support. If it breaks below, it was a false breakout—accept it.
In this kind of market, if you're heavily positioned, be sure to decide on your stop-loss level before making a move. Not investment advice.
How are you handling this move?
These are my personal observations of the market and do not constitute trading advice. DYOR.
$SOXLB $SPCXB #SOXLB #SPCXB #BTC #MarketMovers