$SNX /USDT Technical Analysis & Trade Signal
Current Price: $2.325
24h High: $2.330
24h Low: $1.967
Technical Indicators:
1. RSI: Currently above 50, indicating bullish momentum.
2. SAR: The SAR is at 2.233, suggesting a potential support level, showing an upward trend.
3. MACD: The MACD line is above the signal line, confirming bullish momentum.
4. Volume: Significant increase in trading volume (16.06M USDT in 24h), supporting the upward move.
Trade Signal: Buy
Entry: Buy at current price level of $2.325 or a pullback to $2.233 (SAR support).
Target Levels 🎯:
1. Target 1: $2.40 – First resistance level based on recent highs.
2. Target 2: $2.50 – Stronger resistance zone with previous price action.
3. Target 3: $2.60 – Next major psychological resistance.
Trade Momentum:
Momentum: Bullish with strong support at $2.233 (SAR). Market sentiment is positive, supported by a high trading volume.
Risk Management: Place a stop-loss below $2.20 to limit downside risk if the market reverses.
Conclusion: The bullish momentum is intact, and SNX/USDT looks poised to continue upward towards the target levels. Keep monitoring volume and RSI for signs of overbought conditions.
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