📢 $SNX / USDT | 🔴 SHORT | ⭐ 75%
🎯 Target: $0.16608. Will it reach it?
🎯 Trade levels:
🔴 Entry: $0.1686
🛑 Stop Loss: $0.17
🏁 TP1: $0.16608
🏁 TP2: $0.16468
🏁 TP3: $0.163
📈 Analysis:
The asset shows a clear bearish structure across multiple timeframes, confirmed by the formation of lower highs. The recent break below support at 0.17, accompanied by an increase in trading volume, suggests greater selling pressure in the market. With open interest declining slightly, sellers remain in control of the current trend.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A breakout occurs when the price crosses a significant support or resistance level, which often indicates increased trend strength in that direction.
#crypto #SNX #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make decisions calmly.
🎯 Target: $0.16608. Will it reach it?
🎯 Trade levels:
🔴 Entry: $0.1686
🛑 Stop Loss: $0.17
🏁 TP1: $0.16608
🏁 TP2: $0.16468
🏁 TP3: $0.163
📈 Analysis:
The asset shows a clear bearish structure across multiple timeframes, confirmed by the formation of lower highs. The recent break below support at 0.17, accompanied by an increase in trading volume, suggests greater selling pressure in the market. With open interest declining slightly, sellers remain in control of the current trend.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A breakout occurs when the price crosses a significant support or resistance level, which often indicates increased trend strength in that direction.
#crypto #SNX #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make decisions calmly.
