3.208
+16.57%
1. Current Price: $3.209
2. 24h High: $3.361
3. 24h Low: $2.668
Trend Analysis:
The price has experienced a strong bullish momentum in the last 24 hours (+21.66%).
$SNX has been pushing upwards and recently tested its resistance level around $3.36.
The current support level is around $2.67, and it’s holding well, indicating potential for a bullish continuation if the support holds.
RSI (Relative Strength Index) and other momentum indicators suggest strong buying pressure, but there may be a slight pullback before further upward movement.
Trade Signals:
Entry Signal: If SNX holds above $3.20 and sustains bullish momentum, enter the trade around $3.30 to $3.35 range.
Stop-Loss: Place a stop-loss just below the support at $2.90 to limit downside risk in case of a reversal.
Take Profit Levels: Set three target levels for a more strategic exit:
Target 1: $3.55 (near short-term resistance)
Target 2: $3.75 (next major resistance zone)
Target 3: $4.00 (psychological level and further resistance)
Momentum:
Bullish Momentum: Given the price action and volume, there is significant bullish momentum. The volume is increasing, indicating strong demand.
Potential Pullback: Be prepared for a small pullback after hitting resistance levels. Watch for the price to hold above $3.20 before confirming continuation.
Risk Management:
Use proper risk management by not overexposing yourself in any single trade. Adjust position sizes according to your risk tolerance.
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