TECHNICAL ANALYSIS $SNXX /USDT (PERPETUAL CONTRACT)
Market Structure & Trend: The daily chart (1D) shows a strong bearish trend following a price rejection and sharp correction from the upper area. The price is currently consolidating in the $3.50–$4.15 range.
Indicators & Volume: The previous spike in selling volume confirms massive distribution pressure, while short-term momentum is attempting to establish a psychological support area above the $3.00 level.
TRADING SIGNAL (DAY TRADING / SWING)
Position Direction: Neutral / Cautious Long on Reversal
Entry Zone: $3.40–$3.55
Take Profit (TP):
TP1: $3.80
TP2: $4.20
TP3: $4.70
Stop Loss: $3.20 (below crucial support)
Risk Note: Perpetual derivatives markets are highly volatile. Always use strict risk management and adjust your position size accordingly.
Market Structure & Trend: The daily chart (1D) shows a strong bearish trend following a price rejection and sharp correction from the upper area. The price is currently consolidating in the $3.50–$4.15 range.
Indicators & Volume: The previous spike in selling volume confirms massive distribution pressure, while short-term momentum is attempting to establish a psychological support area above the $3.00 level.
TRADING SIGNAL (DAY TRADING / SWING)
Position Direction: Neutral / Cautious Long on Reversal
Entry Zone: $3.40–$3.55
Take Profit (TP):
TP1: $3.80
TP2: $4.20
TP3: $4.70
Stop Loss: $3.20 (below crucial support)
Risk Note: Perpetual derivatives markets are highly volatile. Always use strict risk management and adjust your position size accordingly.
