$SNX /USDT BEARISH BREAKDOWN 🔻 – SHORT SETUP IN PLAY
📉 Current Price: $0.552
The market has shown a clear rejection from recent highs and is trending downward, indicating bearish momentum building up.
🔑 Key Technical Levels:
📍 Resistance Zones:
$0.575 – Major 1D resistance & prior rejection point
$0.561 – Minor resistance on 1H chart
📍 Support Zones:
$0.547 – Immediate support
$0.530 – Strong 4H support zone and potential bounce area
📊 Trade Setup – SHORT
💥 Entry: $0.553 - $0.557 (ideal entry on a minor pullback)
🎯 Targets (TP):
TP1: $0.547
TP2: $0.538
TP3: $0.530
🛑 Stop Loss (SL): $0.563 (above minor resistance)
⚠️ Risk Management Tip:
Use 1-2% max of your capital per trade. Stick to SL and TP. Always wait for candle confirmation before entering. 💼📉
📌 Trend: Bearish
📌 Bias: Short until $0.530 support is tested
🔥 Stay sharp, trade smart! 🔥
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