I circled back to $SOXLB , the 3x semis token, after that Nov 5 crash.
One 4h candle dropped it from around 62 through 42, and the wick tagged 38.81 on huge volume. This thing was near 140 in October.
Since then it has just been coiling in a 45 to 49.7 box. Bounces keep dying under 49.7 and 45 keeps holding the dips. Volume went quiet after the dump. The 18:00 UTC candle poked 47.57 and it is sitting around 47.3 now.
45 is the floor of this base for me. Lose it and 38.81 comes back. I want it holding over 49.7 first, that's the Nov 6 high and about where the 4h 20 EMA sits.
One 4h candle dropped it from around 62 through 42, and the wick tagged 38.81 on huge volume. This thing was near 140 in October.
Since then it has just been coiling in a 45 to 49.7 box. Bounces keep dying under 49.7 and 45 keeps holding the dips. Volume went quiet after the dump. The 18:00 UTC candle poked 47.57 and it is sitting around 47.3 now.
45 is the floor of this base for me. Lose it and 38.81 comes back. I want it holding over 49.7 first, that's the Nov 6 high and about where the 4h 20 EMA sits.
