Let’s start with the conclusion: SOXSB clearly had a pullback day yesterday, and the bulls failed to hold the line.
Market data: Current price 70.86, down 5.90% over 24 hours; trading volume was 5 million USDT. Intraday high: 76.01; low: 64; range: 18.8%.
The current price is in the upper-middle part of the range (57%), and the center of gravity is gradually moving higher, indicating a moderate strengthening trend.
The price is above the 7-day moving average (63.2214) and the 25-day moving average (52.428), so the short-term structure remains intact.
Looking at its position, it is down 16.9% from the 30-day high of 85.26. The 30-day low is 31.7, and the 7-day cumulative gain is +36.6%.
Trading volume has risen to 1.7 times the recent 7-day average, so volume is supporting the move.
The key levels are clear: 76.01, the intraday high, is resistance above; 64 is the short-term support level below. Only if the latter breaks will downside room truly open up.
Keep an eye on two things next: whether the previous high above can be decisively broken—otherwise, treat this as range-bound trading; and whether the price can reclaim the 7-day moving average, which would be the first sign that this pullback is over.
Did you get out ahead of this move, or are you stuck in it?
(The above is a review of market action and does not constitute investment advice. Futures trading involves risk.)
#SOXSB #行情复盘 #TechnicalAnalysis
Market data: Current price 70.86, down 5.90% over 24 hours; trading volume was 5 million USDT. Intraday high: 76.01; low: 64; range: 18.8%.
The current price is in the upper-middle part of the range (57%), and the center of gravity is gradually moving higher, indicating a moderate strengthening trend.
The price is above the 7-day moving average (63.2214) and the 25-day moving average (52.428), so the short-term structure remains intact.
Looking at its position, it is down 16.9% from the 30-day high of 85.26. The 30-day low is 31.7, and the 7-day cumulative gain is +36.6%.
Trading volume has risen to 1.7 times the recent 7-day average, so volume is supporting the move.
The key levels are clear: 76.01, the intraday high, is resistance above; 64 is the short-term support level below. Only if the latter breaks will downside room truly open up.
Keep an eye on two things next: whether the previous high above can be decisively broken—otherwise, treat this as range-bound trading; and whether the price can reclaim the 7-day moving average, which would be the first sign that this pullback is over.
Did you get out ahead of this move, or are you stuck in it?
(The above is a review of market action and does not constitute investment advice. Futures trading involves risk.)
#SOXSB #行情复盘 #TechnicalAnalysis