$SNX /USDT BULLISH BREAKOUT UNDERWAY – EYES ON $0.70 AND BEYOND! 🚀📈
SNX is displaying a strong breakout pattern after clearing multiple lower highs, with the price reclaiming the $0.68 level and printing higher lows consistently. Bullish volume is rising, and price action is poised to retest the local high at $0.696, with potential for a clean continuation.
TRADE SETUP (LONG):
Entry Zone: $0.675 – $0.680
Target 1: $0.696
Target 2: $0.710
Target 3: $0.728
Stop Loss (SL): $0.660
Leverage Suggestion: 5x–8x for swing traders; avoid overexposure due to mid-cap volatility.
MARKET OUTLOOK:
The structure on the 1H chart is bullish with back-to-back higher lows and clean breakout candles. The previous resistance near $0.675 has now turned into strong intraday support. As long as price holds above $0.668, momentum favors bulls. A volume push above $0.696 could trigger rapid moves toward higher resistance levels.
Pro Tip: Trail your SL above entry after Target 1 to lock in profits and reduce downside risk.
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