$SNX Market Insight

A short liquidation of $1.76K at $1.139 just unfolded, showing that sellers got squeezed as price pushed upward. This move hints at underlying bullish strength, with SNX now testing an important range where the next move could set the tone.

Key Levels in Play

• Support: $1.12 – holding this base keeps the uptrend intact.

• Resistance: $1.16 – a break above may trigger stronger buying momentum.

Outlook

The short squeeze eases bearish pressure, potentially fueling a continuation rally. If SNX stays steady above $1.125, upside targets remain open. A slip back below support, however, could invite a retest toward $1.10.

Trade Setup

• Buy Zone: $1.125 – $1.14

• Target 1: $1.155

• Target 2: $1.175 (if bullish energy extends)

• Stop-Loss: Below $1.118 for protection.

Next Move: Watch the $1.16 breakout — a decisive move above could accelerate gains toward $1.20+.

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