$SNX : Descending Channel Breakout Loading…
Current Price: $0.874 (-4.48%)
SNX is coiling up for a potential breakout, and it’s looking mighty bullish from here!
What’s Happening?
We’ve got price action dancing inside a descending channel on the 1H chart — and right now, SNX is bouncing off the lower boundary support at $0.827 like a spring-loaded slingshot!
RSI is also showing signs of life — the downtrend line is breaking, and a retest is underway, adding fuel to the fire for a bullish momentum shift.
Another bullish boost?
We’re eyeing a strong push above the 100 MA, which could confirm this move is the real deal.
Trade Setup:
✅ Entry: $0.880
🎯 Targets:
First: $0.900
Second: $0.943
Third: $0.977
If SNX secures support above that MA and keeps grinding higher, this could be the breakout we’ve been waiting for!
Let’s ride SNX’s bullish wave to the top!
#SNX #CryptoBreakout #BullishSetups #TradeStories #StrategyTrade
