SNXX /USDT just rejected off the 13.04 peak—buying volume is completely fading as bears step in.
$SNXX - SHORT
Trade Plan:
Entry: 12.35 – 12.65
SL: 13.15
TP1: 11.80
TP2: 11.40
TP3: 10.80
Why this setup?
Price is cracking below the 1H MA7 level of 12.59—confirming a momentum breakdown after multiple failed attempts to hold above 12.80.
Buying volume has visibly dried up to 3.06M SNXX on the recent retest—indicating heavy institutional distribution and buyer exhaustion at key highs.
The path of least resistance points down toward the 1H MA25 dynamic support at 11.41—offering an asymmetric reward profile against a strictly capped SL at 13.15.
Debate:
Is SNXX at 12.35 hitting the absolute ceiling for this leg, or is this just the midpoint of a fake range breakdown before higher high?
Click here to Trade 👇
$HOME $BANK
$SNXX - SHORT
Trade Plan:
Entry: 12.35 – 12.65
SL: 13.15
TP1: 11.80
TP2: 11.40
TP3: 10.80
Why this setup?
Price is cracking below the 1H MA7 level of 12.59—confirming a momentum breakdown after multiple failed attempts to hold above 12.80.
Buying volume has visibly dried up to 3.06M SNXX on the recent retest—indicating heavy institutional distribution and buyer exhaustion at key highs.
The path of least resistance points down toward the 1H MA25 dynamic support at 11.41—offering an asymmetric reward profile against a strictly capped SL at 13.15.
Debate:
Is SNXX at 12.35 hitting the absolute ceiling for this leg, or is this just the midpoint of a fake range breakdown before higher high?
Click here to Trade 👇
$HOME $BANK