$SNX /USDT SHOWS BULLISH MOMENTUM BUILDING FOR UPSIDE BREAKOUT
The $SNX /USDT pair is currently exhibiting strong bullish signals following a healthy consolidation phase. A breakout from the lower support of 1.324 has led to a steady move upwards, with price action maintaining above key moving averages and forming higher lows.
Technical Indicators:
MACD is showing a bullish crossover, confirming buying momentum.
EMA on the 1H and 4H charts is trending upward, indicating continued strength.
Bollinger Bands are expanding, suggesting increased volatility and potential for breakout.
Price recently tested resistance at 1.476, indicating buyers are preparing to reclaim higher zones.
Support Zone: 1.361 - 1.324
Resistance Zone: 1.505 - 1.553
ENTRY (LONG): On confirmed breakout above 1.476
TARGETS (TP):
TP1: 1.505
TP2: 1.542
TP3: 1.553
STOP LOSS (SL): 1.361
Risk Management: Use 1-2% of capital per trade. Move SL to entry after TP1 for risk-free position.
