$SNX
/USDT Short Trade Opportunity š„
Current Price: $0.989
Trade Setup Overview:
Entry Zone: $0.980 - $1.000
Stop Loss: $1.040
Profit Targets:
TP1: $0.950
TP2: $0.920
TP3: $0.890
Market Analysis:
The SNX price action is currently facing significant resistance around the $1.000 - $1.020 range, with the price struggling to push above these levels. Bearish momentum is gaining traction as sellers are actively stepping in at critical levels. If SNX breaks below the $0.980 support, this could trigger a further acceleration to the downside.
Trade Execution Advice:
To enter this short position, ensure you wait for a confirmation below the $0.980 level. A retest and rejection at this level would solidify the bearish setup. Always remember to apply effective risk management techniques by using proper position sizing and adhering to stop-loss levels.
Risk Management Reminder: Protect your capital by following stop-loss protocols and adjusting position sizes appropriately.
Happy trading, and always be mindful of the market dynamics!
