$SNXXB Just Wiped Out the Entire Bounce — Now $6.59 Is the Battlefield
I’m watching this $SNXXB /USDT 1H chart, and this is exactly the kind of setup that can turn violent in either direction.
Price bounced aggressively from $6.59, climbing all the way toward $8.10+. For a moment, it looked like buyers were finally taking control.
Then everything changed.
One massive red candle erased most of that recovery and dragged price back to $6.78.
Now I’m watching one level:
$6.59.
That was the previous swing low, and it could become the line separating a potential recovery from another breakdown.
If buyers defend $6.59–$6.78 and price reclaims $7.30, the next challenge could be $7.70, followed by $8.10–$8.41.
But if $6.59 breaks decisively, the bullish bounce structure is in serious danger.
The interesting part?
MACD is still slightly positive, but the latest candle shows that momentum can disappear extremely fast.
So I’m not chasing the green candles.
I’m watching the reaction at support.
Hold $6.59 → bulls get another chance.
Lose $6.59 → the chart could get ugly very quickly.
$SNXXB is sitting on a critical edge right now.
I’m watching this $SNXXB /USDT 1H chart, and this is exactly the kind of setup that can turn violent in either direction.
Price bounced aggressively from $6.59, climbing all the way toward $8.10+. For a moment, it looked like buyers were finally taking control.
Then everything changed.
One massive red candle erased most of that recovery and dragged price back to $6.78.
Now I’m watching one level:
$6.59.
That was the previous swing low, and it could become the line separating a potential recovery from another breakdown.
If buyers defend $6.59–$6.78 and price reclaims $7.30, the next challenge could be $7.70, followed by $8.10–$8.41.
But if $6.59 breaks decisively, the bullish bounce structure is in serious danger.
The interesting part?
MACD is still slightly positive, but the latest candle shows that momentum can disappear extremely fast.
So I’m not chasing the green candles.
I’m watching the reaction at support.
Hold $6.59 → bulls get another chance.
Lose $6.59 → the chart could get ugly very quickly.
$SNXXB is sitting on a critical edge right now.