💎 SNX has undeniably captured the market's attention with its breakout from the supply area, a feat it has achieved after several attempts. This breakout is typically followed by a retest phase, and it's likely that SNX will enter such a phase at the demand level of $2.53, which previously acted as a supply zone.
💎 There is a strong chance that SNX will rebound from this level, the probability it towards our target supply zones with considerable upward momentum.
💎 However, should SNX fail to hold the demand area during the retest and breach below it, the scenario could turn bearish. The next critical demand level to watch would be $2.175. A bounce from this lower level is essential for SNX to maintain its bullish posture and attempt to reclaim the $2.53 level. Failure to hold the $2.175 level could signal a bearish shift, potentially sending SNX back to its foundational support levels.
💎 There is a strong chance that SNX will rebound from this level, the probability it towards our target supply zones with considerable upward momentum.
💎 However, should SNX fail to hold the demand area during the retest and breach below it, the scenario could turn bearish. The next critical demand level to watch would be $2.175. A bounce from this lower level is essential for SNX to maintain its bullish posture and attempt to reclaim the $2.53 level. Failure to hold the $2.175 level could signal a bearish shift, potentially sending SNX back to its foundational support levels.
Trade closed: target reached
Boom! #SNX is doing just what we said. Up 34.55% and looking good
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳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
🫳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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.