$SNX /USDT BULLISH REVERSAL IN PLAY ๐ | LONG SETUP AHEAD ๐ฅ
๐ Current Price: $0.590
๐ข 24h Change: +2.08%
โฐ Timeframe: 4H
๐ TECHNICAL ANALYSIS
$SNX is showing early signs of a bullish reversal after bouncing from its recent lows near $0.576. Price is now testing short-term resistance.
๐ Key Support Levels:
$0.576 (24h Low โ strong bounce zone)
$0.565 (Major demand zone)
๐ Key Resistance Levels:
$0.594 (Immediate resistance / 24h High)
$0.605 (Breakout confirmation level)
$0.625 (Upside target if breakout succeeds)
Price action is forming a rounded bottom pattern on the 4H chart โ a classic signal of a bullish trend shift ๐
๐ TRADE SETUP โ LONG IDEA
๐ฉ Entry: $0.588 โ $0.591 (Current zone)
๐ฏ Take Profit (TP):
TP1: $0.594
TP2: $0.605
TP3: $0.625
๐ก Stop Loss (SL): $0.575 (Just below support)
๐ง Trade Logic: Holding above $0.588 and breaking $0.594 with strong volume will likely push SNX into a breakout rally.
โ ๏ธ RISK MANAGEMENT
๐ Risk only 1-2% of your capital ๐งฎ
๐ Always place your SL to avoid unexpected dumps
โ Confirm breakout with volume & candle close above resistance
๐ฅ SNX GEARING UP FOR A PUSH โ WATCH THE $0.594 LEVEL! ๐ฅ
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