Great longing narrative for the near future - #SNX
🕯Since September 2023, the price has been in consolidation, within which we can observe the formation of liquidity in the form of swing highs, which were recently successfully removed and we saw a significant pullback.✔️
At the moment, the asset has successfully tested the buyer's zone of interest valid for long positions, from which we can already observe a good reaction and the formation of a weekly sweep with a longing context.
📝In the short term, I expect to see a continuation of local growth and a return above the $3 mark, which will allow us to talk about the subsequent formation of an uptrend.
Medium-term, within the next month I intend to see a retest of the resistance zone followed by a break of the previous swing high.
📌Globally, after consolidation above $6, I will fix 50% of the total position volume and pull the remaining part to the mitigating range of $7.457-8.164, which is more than 218% of the net market movement excluding shoulders.
