$SNXXB : High Volume Selling Sweep Breaks $SNXXB Market Structure
SHORT SETUP SNXXB
Entry: $8.3000 - $8.4000
Stop Loss: $8.6500
Take Profit: $7.7500 (2R)
Key Levels: Support $8.0200 | Resistance $9.8500
Technical Analysis for $SNXXB : RSI 27 and Stochastic K 6 show oversold conditions, but MACD (-0.44) is below its signal (-0.35) with a negative histogram, confirming bearish momentum. ADX 34.7 signals a strong trend, and price sits under all EMAs (9day to 200day). Orderbook imbalance 9.8% adds sell pressure, favoring a short bias near the 8.46 $ resistance and the 8.02 $ support.
Market Context: BTC is in a bearish 4hour trend and down 3.8% over 24 h, while the broader market is broadly negative with 93.4%
SHORT $SNXXB
SHORT SETUP SNXXB
Entry: $8.3000 - $8.4000
Stop Loss: $8.6500
Take Profit: $7.7500 (2R)
Key Levels: Support $8.0200 | Resistance $9.8500
Technical Analysis for $SNXXB : RSI 27 and Stochastic K 6 show oversold conditions, but MACD (-0.44) is below its signal (-0.35) with a negative histogram, confirming bearish momentum. ADX 34.7 signals a strong trend, and price sits under all EMAs (9day to 200day). Orderbook imbalance 9.8% adds sell pressure, favoring a short bias near the 8.46 $ resistance and the 8.02 $ support.
Market Context: BTC is in a bearish 4hour trend and down 3.8% over 24 h, while the broader market is broadly negative with 93.4%
SHORT $SNXXB