A 28.76% daily drop on $38.85M volume demands cold calculation.
$SOXLB sits at $71.55 after plunging from a 23-hour high of $102.77. Hourly volume sits near parity at 1.07x the daily average, showing aggressive distribution rather than panic selling.
A bullish confirmation scenario requires reclaiming the $74 low to test building momentum. Conversely, further hourly contraction below current levels invalidates the bounce case.
Will you wait for a reclaim of the 74 low to confirm strength, or does the lack of volume exhaustion signal a deeper continuation risk?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare
$SOXLB sits at $71.55 after plunging from a 23-hour high of $102.77. Hourly volume sits near parity at 1.07x the daily average, showing aggressive distribution rather than panic selling.
A bullish confirmation scenario requires reclaiming the $74 low to test building momentum. Conversely, further hourly contraction below current levels invalidates the bounce case.
Will you wait for a reclaim of the 74 low to confirm strength, or does the lack of volume exhaustion signal a deeper continuation risk?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare