$SNX /USDT Technical Analysis & Trade Signal
Current Price: $2.14 (+6.10% in 24h)
Trend: Bullish (currently above the Parabolic SAR at 2.119)
Support Levels:
1st Support: $1.96 (24h Low)
2nd Support: $2.05 (recent local support)
Resistance Levels:
1st Resistance: $2.21 (24h High)
2nd Resistance: $2.25 (potential breakout level)
3rd Resistance: $2.30 (psychological barrier)
Trade Signal:
Buy Signal: Consider entering the market around $2.10–$2.14, aiming for upward momentum.
Target Levels:
Target 1: $2.21 (near-term resistance)
Target 2: $2.25 (breakout zone)
Target 3: $2.30 (higher resistance)
Momentum:
Positive momentum with a 6.10% increase in the last 24 hours. RSI and other momentum indicators suggest continued upward movement unless price falls below $2.05 (strong support).
Trade Strategy:
Buy on dips near $2.10–$2.14, with targets at $2.21, $2.25, and $2.30.
Stop Loss: Below $1.96, or around $2.05 for a more conservative approach.
Risk/Reward: Favorable with a potential upside of around 5-10% depending on targets.
#BinanceLaunchpoolBIO #BinanceLabsBacksUsual #GrayscaleHorizenTrust #BinanceAlphaAlert