$SNXXB : Strong Rejection at Trendline Resistance: $SNXXB Short Entry
SHORT SETUP SNXXB
Entry: $10.3600 - $10.4000
Stop Loss: $10.7800
Take Profit: $9.5800 (2R)
Key Levels: Support $9.6800 | Resistance $10.6100
Technical Analysis for $SNXXB : Price sits above the 9EMA, 21EMA and 50EMA but remains under the 200EMA, and RSI and Stochastic are deep in overbought territory. The setup favors a short move toward the 9.68 support. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC is up 1.13% on the day, keeping a mixed but overall bullish tone, while the broader market shows 68.8% green assets.
SHORT $SNXXB
SHORT SETUP SNXXB
Entry: $10.3600 - $10.4000
Stop Loss: $10.7800
Take Profit: $9.5800 (2R)
Key Levels: Support $9.6800 | Resistance $10.6100
Technical Analysis for $SNXXB : Price sits above the 9EMA, 21EMA and 50EMA but remains under the 200EMA, and RSI and Stochastic are deep in overbought territory. The setup favors a short move toward the 9.68 support. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC is up 1.13% on the day, keeping a mixed but overall bullish tone, while the broader market shows 68.8% green assets.
SHORT $SNXXB