$SNX

📉 SNX Short Trade Update: Watch the 4HR Close! ⏰

My SNXUSDT.P short position is currently in profit! 💰 But, key levels are approaching and we need to be vigilant. Here’s the updated plan based on price action and FVG (Fair Value Gap) logic:.

Initial Target & Analysis:

We were initially targeting the lower FVG area. The overall structure strongly suggests we will continue to move down, but we must be aware of potential retracements. 📉

Current Situation & Strategy:

* A new 4-Hour (4HR) candle has just started. This is a crucial candle for momentum! Candles speak volumes. 🕯️

* Retracement Risk: There is a possibility that price will push back up to "fill" the bearish FVGs before a decisive move down. This is a common institutional price delivery pattern. 🏦

* Action Plan: If you are currently in a short position, keep a close eye on the price action of this new 4HR candle. 👀 A bounce here is possible for the FVG fill, but the high-probability direction remains down. 👇

Most Likely Scenario: We expect the downtrend to continue to hit the lower targets. 🎯

Important Reminders:

* Risk Management: Do not forget to manage your risk, especially around major candle closes. 🛡️

* Confirmation: Look for rejection/bearish confirmation if price taps the higher bearish FVG zones before entering new shorts or adding to your position. 🐻