💎 SNX has certainly drawn our attention with its breakout from the Descending channel, underscored by significant volume and an impressive upward movement. Presently, SNX finds itself at a pivotal juncture, necessitating a breach of the resistance to maintain its bullish momentum.
💎 Facing potential rejection at this resistance zone, and considering SNX is in a retesting phase on the resistance trendline of the Descending Channel, specifically within the demand range of $2.11 - $2.05, there's a possibility for a slight pullback to solidify the recent expansive gains. Yet, if it triumphs over the immediate resistance, SNX is poised for a smooth climb towards further supply levels and potentially the bearish OB zone.
💎 Amidst this retesting phase, it's crucial for SNX to demonstrate resilience, either by rebounding or showing a rejection pattern, to continue its endeavor to breach the resistance barrier and establish a stronghold above.
💎 Failure to do so could spell trouble, leading SNX to a vulnerable position at the lower demand level, and potentially triggering a further descent towards the critical support area.
💎 Facing potential rejection at this resistance zone, and considering SNX is in a retesting phase on the resistance trendline of the Descending Channel, specifically within the demand range of $2.11 - $2.05, there's a possibility for a slight pullback to solidify the recent expansive gains. Yet, if it triumphs over the immediate resistance, SNX is poised for a smooth climb towards further supply levels and potentially the bearish OB zone.
💎 Amidst this retesting phase, it's crucial for SNX to demonstrate resilience, either by rebounding or showing a rejection pattern, to continue its endeavor to breach the resistance barrier and establish a stronghold above.
💎 Failure to do so could spell trouble, leading SNX to a vulnerable position at the lower demand level, and potentially triggering a further descent towards the critical support area.
Dagangan aktif
Just as predicted, #SNX's up a smooth 12.65%!
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Want to trade like a PRO without the 15+ year learning curve?
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.