🔹 $SNX Technical Signal Breakdown – Futures & Spot Trading | Jul 29, 2025

SNX is trading at approximately $0.629 USDT on Binance spot, down ~8.71% in the past 24 hours. Price ranged between $0.617 and $0.690 during the session.

🕯️ Candlestick Data (24 h):

• High: $0.690

• Low: $0.617

• Structure: After testing resistance near $0.690, SNX formed consecutive lower highs with upper wick rejections, signaling bearish momentum building through the day.

📊 Indicators:

• RSI (14): ~34 — weak bullish pressure, close to oversold range

• MACD: Bearish crossover active; widening histogram to the downside

• ADX (14): ~33 — moderate trend strength favoring bears

• Williams %R: ~‑77 — signaling strong downside pressure

• Moving Averages: Price trading under key short-term MAs (5/10/20) — bearish short-term setup

📉 Volume: Spike in red volume on rejections and breakdowns, while green candles lack conviction — clear distribution behavior

✅ Bias: Short (Sell Signal) in Futures Trading; Spot not favorable unless reversal shows (for educational analysis only)

Futures Short Entry: $0.629–$0.690 → Max Target: $0.617

Spot Recovery Zone: $0.617–$0.629 → Max Target: $0.690

If futures break below $0.617 with strong momentum, extended downside toward $0.580 is in play. Spot traders should avoid premature entry and look for a confirmed reclaim above $0.690. Market momentum and structure strongly favor futures short positions.

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Disclaimer: This analysis is educational and does not constitute financial advice. Always conduct your own research and manage risk responsibly.