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SNX

SNXUSDT on the Brink: Will It Break Out or Break Down?Yello, Paradisers! 🧐 Is SNXUSDT gearing up for its next big move? Let’s dive into what’s happening. 💎Currently, SNXUSDT is consolidating under a critical resistance and support zone, adhering to a resistance trendline while hinting at a bullish divergence. This setup has all the ingredients of an impending shift—but which way will it go? 💎If SNXUSDT breaks out above the resistance trendline and the resistance zone, this would significantly boost the odds of a bullish surge. Such a move would attract momentum traders and could trigger a wave of buying pressure. 💎If the price retraces, a bounce from the support zone is a possibility. However, to increase confidence in a bullish rebound, we’ll need to see a bullish I-CHoCH (internal change of character) on lower timeframes. This would signal buyers stepping in with renewed strength. 💎On the flip side, if SNXUSDT breaks down and closes candle below the support zone, this would invalidate our bullish outlook. Such a move would indicate weakening buyer interest and could shift momentum to the downside. 🎖 Stay sharp, Paradisers! The market often tests our patience, and disciplined observation can make the difference between profit and loss. Consistent success comes from waiting for high-probability setups and executing with precision. Trade smart and stay prepared for all scenarios. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
SNX: Keep an Eye on Breakout Levels🚀💎Paradisers, #SNX has recently displayed CHoCH and BOS, indicating a bullish market structure, and formed a cup and handle pattern, suggesting a potential bullish reversal. 💎If #SNXUSDT manages to break above the resistant level, it could signify further upward movement, with potential targets towards the next swing resistant levels. 💎In the event of a pullback, we can anticipate a bounce from the bullish OB, especially if accompanied by bullish candlestick patterns in this area. 💎However, if the price breaks down below this area, technically signaling a bearish scenario, it would be prudent to ignore it, considering the prevailing bullish sentiment in the market.
by MyCryptoParadise_Nathan
SNX Analysis: Bullish Breakout Signals Potential Upside Momentum💎 SNX has broken out of the resistance zone, which is now acting as support. Additionally, it has broken out of a falling wedge pattern and formed a W pattern in the support zone, increasing the likelihood of a bullish trend. 💎 Moreover, the price has exhibited a CHoCH (Change of Character) or a breakout of the previous swing, indicating a bullish trend. Given these factors, we can anticipate a bullish move from this point. Alternatively, there might be a retracement towards the demand area & expect a bounce from it. In either case, we can expect the price to move towards resistance levels, although it might be advisable to book small positions at each small resistance level. 💎 However, if SNX breaks down below the demand area, it would raise the probability of a bearish move.
by MyCryptoParadise_Nathan