Early in the morning I open the chart and see $SNXXB VND turning blood-red, so you’re probably trembling already and placing a dump-sell order, right? This market is a place where money moves from the pockets of impatient people to those with strategy, so don’t let FOMO or FUD control your wallets.
Looking at the current technical data, it’s clear the bears are overwhelmingly in control:
🔹 15-minute timeframe: Price is below both the MA(20) at 12.7205 and the EMA(9) at 12.6781. This shows the short-term downtrend still hasn’t shown signs of stopping—the bear side is tightly controlling this price zone.
🔹 1-hour timeframe: It’s even tighter here because the gap between the current price at 12.6500 and the MA(20) at 13.4480 is quite large. The EMA(9) at 12.8785 is acting as a hard resistance right above the top. As long as this level hasn’t been reclaimed, don’t dream about a strong PUMP.
My view is that this coin is in a necessary correction phase after those previous hot rallies. Don’t catch a falling knife unless you see signs of the move pausing on a larger timeframe.
Here’s the personal setup I’m watching to wait for a bounce:
📌 Position: WAIT TO SHORT on any rebound that retests resistance.
📌 Entry zone: 12.85 - 12.90.
📌 Take profit (TP): 12.20 - 12.00 (Expecting the next dump wave).
📌 Stop loss (SL): 13.15 (If price breaks above the 1h EMA zone, the bearish scenario is invalidated).
I’ve already stocked up with ammunition waiting in that upper zone—what about you guys? Will $SNXXB keep crashing further, or will it turn bright green and reverse by the end of today’s session?
#Crypto #Trading #Analysis
Note: This is my personal perspective, not investment advice. Trading always comes with risk (DYOR).
Looking at the current technical data, it’s clear the bears are overwhelmingly in control:
🔹 15-minute timeframe: Price is below both the MA(20) at 12.7205 and the EMA(9) at 12.6781. This shows the short-term downtrend still hasn’t shown signs of stopping—the bear side is tightly controlling this price zone.
🔹 1-hour timeframe: It’s even tighter here because the gap between the current price at 12.6500 and the MA(20) at 13.4480 is quite large. The EMA(9) at 12.8785 is acting as a hard resistance right above the top. As long as this level hasn’t been reclaimed, don’t dream about a strong PUMP.
My view is that this coin is in a necessary correction phase after those previous hot rallies. Don’t catch a falling knife unless you see signs of the move pausing on a larger timeframe.
Here’s the personal setup I’m watching to wait for a bounce:
📌 Position: WAIT TO SHORT on any rebound that retests resistance.
📌 Entry zone: 12.85 - 12.90.
📌 Take profit (TP): 12.20 - 12.00 (Expecting the next dump wave).
📌 Stop loss (SL): 13.15 (If price breaks above the 1h EMA zone, the bearish scenario is invalidated).
I’ve already stocked up with ammunition waiting in that upper zone—what about you guys? Will $SNXXB keep crashing further, or will it turn bright green and reverse by the end of today’s session?
#Crypto #Trading #Analysis
Note: This is my personal perspective, not investment advice. Trading always comes with risk (DYOR).