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$SNX /USDT Analysis – BULLISH SETUP OR BREAKOUT OPPORTUNITY! 🔥
The SNX/USDT pair is currently trading at $1.549, showing strong bullish momentum as it tests key resistance levels. With a breakout above, the price could experience significant upward momentum.
📊 Market Structure Overview:
Support Levels: $1.493 | $1.418 | $1.377
Resistance Levels: $1.551 | $1.624 | $1.675
SNX is trading above the EMA 50, confirming a bullish trend. A breakout above $1.551 could trigger a rally toward higher targets.
📉 Trade Setup (Long):
Entry Point: $1.560
Take Profit (TP 1): $1.600
Take Profit (TP 2): $1.650
Take Profit (TP 3): $1.700
Stop Loss (SL): $1.500
📈 Trade Setup (Short):
Entry Point: $1.493
Take Profit (TP 1): $1.450
Take Profit (TP 2): $1.420
Stop Loss (SL): $1.560
📌 Outlook:
SNX/USDT is consolidating near the $1.551 resistance level. If it breaks above with strong volume, the next target could be $1.624 or higher. However, if resistance holds, the price may retrace toward $1.493 or lower support levels. Watch for volume spikes and candlestick patterns to confirm the next move.
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