🚀 $SNX is showing a potential technical setup!
The 1M chart displays a multi-year corrective structure attempting to establish a macro base and reversal near the 0.2472 USDT level.
📈 The Technical Setup:
• The Pattern: Macro Double Bottom / Accumulation Base
• Short-term Target: 3.0000 USDT
• Macro Objective: 4.0000 USDT
• Market Structure: Reversal formation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.1900 - 0.2500 USDT
• Resistance: 1.0000 - 1.5000 USDT
• Breakout Level: 0.5000 USDT
• Stop Loss / Invalidation: 0.1500 USDT
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Base building at lows
• Trend: Macro consolidation
⚠️ Invalidation:
A decisive monthly close below the 0.1900 USDT support zone would invalidate this setup.
Monitor price action closely around current accumulation areas for confirmation before entering.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#SNX #crypto #Binance #bitcoin #altcoins
The 1M chart displays a multi-year corrective structure attempting to establish a macro base and reversal near the 0.2472 USDT level.
📈 The Technical Setup:
• The Pattern: Macro Double Bottom / Accumulation Base
• Short-term Target: 3.0000 USDT
• Macro Objective: 4.0000 USDT
• Market Structure: Reversal formation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.1900 - 0.2500 USDT
• Resistance: 1.0000 - 1.5000 USDT
• Breakout Level: 0.5000 USDT
• Stop Loss / Invalidation: 0.1500 USDT
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Base building at lows
• Trend: Macro consolidation
⚠️ Invalidation:
A decisive monthly close below the 0.1900 USDT support zone would invalidate this setup.
Monitor price action closely around current accumulation areas for confirmation before entering.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#SNX #crypto #Binance #bitcoin #altcoins
