🔥 SNX Short Setup in Focus ⚡
**Trading Plan:**
Bias: Short
Entry: 0.493
SL: 0.515
TP1–TP2: 0.460 / 0.427
**Technical Analysis:**
The asset is in a clear bearish trend on the 4-hour timeframe, consistently forming lower highs and lower lows. Price has recently broken down from a key demand level, which has now flipped into a resistance zone. The current setup anticipates a rejection from this newly established resistance area around the entry point. This rejection would serve as confirmation for continued downside momentum toward the specified profit targets.
**Invalidation:**
Only a firm break and hold above 0.515 would invalidate this bearish setup.
SNXUSDT
Perp
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+0.80%
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Perp
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PIEVERSEUSDT
Perp
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+14.16%