$SNXX: second short setup
SNXX is back in the $10 area, where the price has already met resistance. Unless it breaks above this level decisively, the bearish scenario remains in play for a second trade.
Trade plan (SNXX Short)
Entry: $9.8–$10.5
Targets: $9.3 / $8.5
Stop: $10.7
What to watch: the stop is very close to the top of the entry range, so if you enter near the top, there’s little room for error. Adjust your position size accordingly. A close above $10.7 invalidates the idea.
Do you think SNXX will stay below $10, or is it about to break through? Let me know in the comments.
This is not financial advice. Manage your risk.
$SNXX
SNXX is back in the $10 area, where the price has already met resistance. Unless it breaks above this level decisively, the bearish scenario remains in play for a second trade.
Trade plan (SNXX Short)
Entry: $9.8–$10.5
Targets: $9.3 / $8.5
Stop: $10.7
What to watch: the stop is very close to the top of the entry range, so if you enter near the top, there’s little room for error. Adjust your position size accordingly. A close above $10.7 invalidates the idea.
Do you think SNXX will stay below $10, or is it about to break through? Let me know in the comments.
This is not financial advice. Manage your risk.
$SNXX