$SOXLB volume spiked to 2.24x the daily average amid a 15.15% drop.
The asset is currently trading at $120.69, showing significant intraday exhaustion. With the price now testing levels below the previous 23-hour low of $122.2, liquidity is clearly shifting.
A reclaim of the $122.2 mark could signal stabilization, while failure to hold suggests continued downside risk toward the previous range lows. If you are watching this, does the increased hourly volume indicate a capitulation bottom, or is it merely the start of a deeper trend decline?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare
The asset is currently trading at $120.69, showing significant intraday exhaustion. With the price now testing levels below the previous 23-hour low of $122.2, liquidity is clearly shifting.
A reclaim of the $122.2 mark could signal stabilization, while failure to hold suggests continued downside risk toward the previous range lows. If you are watching this, does the increased hourly volume indicate a capitulation bottom, or is it merely the start of a deeper trend decline?
Tap $SOXLB for the live chart. #SOXLB #BinanceSquare