$SNX

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 itā€™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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