đ $SNXXB Technical Analysis & Setup
Volume spiked 3.4x while price dropped 2.5% in 15 minutes, signaling heavy distribution and strong selling pressure aligning with a bearish 1h and daily market structure below the EMA20 and EMA200.
âą Key Support / Demand: 10.78, followed by 10.33 and 9.16
âą Resistance / Supply Targets: 11.62 (FVG zone), 11.95, and 12.22
âą Trigger / Confirmation: Wait for a relief retrace to 11.62-11.95, looking for a 15m/1h rejection wick or bearish engulfing to enter short
âą Risk / Invalidation: A 1h close above 12.25 flips the trend and invalidates the setup
âą Market Execution: Manage size carefully, take partial profits at targets, and respect stop losses given broader market sell-side headwinds
DYOR â Educational setup, not financial advice.
#BinanceSquare #Crypto #SNXXB #Trading
Volume spiked 3.4x while price dropped 2.5% in 15 minutes, signaling heavy distribution and strong selling pressure aligning with a bearish 1h and daily market structure below the EMA20 and EMA200.
âą Key Support / Demand: 10.78, followed by 10.33 and 9.16
âą Resistance / Supply Targets: 11.62 (FVG zone), 11.95, and 12.22
âą Trigger / Confirmation: Wait for a relief retrace to 11.62-11.95, looking for a 15m/1h rejection wick or bearish engulfing to enter short
âą Risk / Invalidation: A 1h close above 12.25 flips the trend and invalidates the setup
âą Market Execution: Manage size carefully, take partial profits at targets, and respect stop losses given broader market sell-side headwinds
DYOR â Educational setup, not financial advice.
#BinanceSquare #Crypto #SNXXB #Trading