Here’s an exciting update for $SNX :
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🔥 $SNX Long Liquidation Alert! 🔥
A $5,026.1 long liquidation just hit the market at $3.043! The bulls are getting squeezed, and this could be the perfect opportunity for a reversal. Is $SNX about to see a breakout or a deeper pullback?
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What’s Next for $SNX?
Key Levels to Watch:
Buy Zone: Look to buy around $3.00 - $3.05, where support has held strong in previous moves.
Target Levels:
Target 1: $3.20
Target 2: $3.40
Stretch Target: $3.60 (if momentum continues to build).
Stop Loss: Place a stop loss below $2.95 to limit your downside risk.
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Market Insight:
This long liquidation suggests that the bulls are temporarily losing control, but this could open the door for a bounce if buyers step in. Watch for price action around $3.05 to gauge if the support holds. If volume picks up and SNX rises above $3.15, it could be a strong signal to enter.
Pro Tip: Be cautious of false breakouts—wait for confirmation before entering. Use a layered entry approach to manage your risk better.
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Stay disciplined and trade smart. The market rewards those who follow their strategy and manage their risks carefully!
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