Looking at $SNXXB through support and resistance: down 31.6% in 24h, currently at 6.34.
Above 6.34 is a previous bagholder zone, where every step up brings out sellers looking to break even. Below is the cost zone where this rally began, and if the price falls back there, buyers may step in to defend it. The key is to look for buying opportunities near support and reduce your position near resistance.
Do you usually draw support and resistance levels? #SNXXB
This content is for discussion purposes only and does not constitute investment advice.
Above 6.34 is a previous bagholder zone, where every step up brings out sellers looking to break even. Below is the cost zone where this rally began, and if the price falls back there, buyers may step in to defend it. The key is to look for buying opportunities near support and reduce your position near resistance.
Do you usually draw support and resistance levels? #SNXXB
This content is for discussion purposes only and does not constitute investment advice.
