SNX/USDT is trading within a potential descending channel, with a dynamic trendline influencing the pace of the trend. The price has recently broken above the trendline and pulled back to retest it, aligning with the channelโs bottom boundary.
The subsequent bounce suggests a strong bottom, indicating the potential for further upward movement, likely testing the channel's upper boundary. The plain is to re-accumulate within the buy-back zone and target the mid-term resistance level for profit-taking.
Feedback on this setup is welcome to refine the analysis further.