$SNXX Gets Hit Again ... $10 Support Now in Focus
SNXX has once again been rejected from the higher range and is back under heavy selling pressure.
Price previously traded near $19.90 and is now around $11.84, which means the market has erased roughly 40% from that visible recent top. The current daily move is also brutal, with SNXX down more than 21%.
The chart still looks weak, with sellers controlling every recovery attempt.
At this point, $10.00 looks like the next major psychological support zone I would watch closely.
If buyers defend that area, a relief bounce could start from there.
But if $10 breaks cleanly, the downside structure can extend further before a proper base forms.
For now, the message is simple:
SNXX is heavily oversold from the recent highs, but sellers are still in control. $10 is the key level to watch next.
$SNXX
SNXX has once again been rejected from the higher range and is back under heavy selling pressure.
Price previously traded near $19.90 and is now around $11.84, which means the market has erased roughly 40% from that visible recent top. The current daily move is also brutal, with SNXX down more than 21%.
The chart still looks weak, with sellers controlling every recovery attempt.
At this point, $10.00 looks like the next major psychological support zone I would watch closely.
If buyers defend that area, a relief bounce could start from there.
But if $10 breaks cleanly, the downside structure can extend further before a proper base forms.
For now, the message is simple:
SNXX is heavily oversold from the recent highs, but sellers are still in control. $10 is the key level to watch next.
$SNXX
