๐จ $SNX /USDT โ Time to Accumulate or Avoid the Slide? ๐ป
$SNX has dropped to $0.818, down -1.92%, sitting just below its 99-day MA. With RSI dipping into oversold territory, is a reversal imminent or is the trend still your enemy? Letโs analyze the setup! ๐
๐ Market Overview
๐ Current Price: $0.818
๐ 24h High: $0.880
โ๏ธ 24h Low: $0.813
๐ Volume:
SNX: 3.99M
USDT: 3.41M
๐ Moving Averages:
MA(7): $0.850
MA(25): $0.853
MA(99): $0.821 (Now acting as resistance above current price)
๐ RSI (6): 24.15 (Oversold โ bounce possible but no confirmation yet)
๐ MACD: Bearish with no crossover signal yet
๐ SNX Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If SNX $0.830+):
Entry: Above $0.835
Targets: $0.855, $0.880, $0.905
Stop-Loss: $0.810
๐น Bearish Scenario (If SNX loses $0.813):
Entry: Below $0.812
Targets: $0.790, $0.765, $0.740
Stop-Loss: $0.835
๐ Should You Hold or Sell?
โ RSI in oversold zone = bounce potential, but wait for confirmation
โ Volume steady = price action may shift quickly on breakout
โ ๏ธ Below $0.813 = deeper breakdown very possible
๐ก Pro Tip:
๐ If SNX reclaims $0.835 with rising volume, expect a quick move to retest $0.88
๐ Weak bounce or rejection = stay sidelined until structure improves
๐ข Whatโs your strategy for $SNXโbuying this dip or watching from the sidelines? Letโs discuss below! ๐
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