$SNXXB ๐ is up over 40% in 24 hours! But is this the start of a recovery or just a temporary bounce? ๐
SNXXB/USDT is trading at 4.63 (+40.73%), after recovering sharply from the recent low around 2.93. Buyers are clearly showing strength, but the bigger trend still needs confirmation.
๐ Key levels I'm watching:
Resistance: 4.66 (24H high)
Next resistance: 5.13
Major overhead resistance: 6.87 (MA25)
Support: 3.53 (MA7)
Stronger support: 3.19โ2.93
๐ Two possible scenarios:
๐ฅ A convincing daily breakout above 4.66, followed by a move above 5.13, could strengthen the recovery.
โ ๏ธ If price gets rejected, a pullback towards 3.53โ3.19 could happen before another attempt upward.
The interesting part? Price is above MA7 but still below MA25 and MA99. So the short-term bounce is bullish, while the broader trend remains bearish.
I wouldn't chase a 40% pump blindly. Watch confirmation and manage risk carefully.
What's your move: buy the pullback or wait for a breakout above 4.66? ๐
#HotCPIDecemberHikePriced #AnthropicRejectsIPODelayValuationinQuestion #CoreWeaveJumps10%On168%RevenueGrowth #CanNvidiaEarningsEaseMarketConcerns? #BarclaysRaisesBlackRockBitcoinETFStake48%
$SNXXB
SNXXB/USDT is trading at 4.63 (+40.73%), after recovering sharply from the recent low around 2.93. Buyers are clearly showing strength, but the bigger trend still needs confirmation.
๐ Key levels I'm watching:
Resistance: 4.66 (24H high)
Next resistance: 5.13
Major overhead resistance: 6.87 (MA25)
Support: 3.53 (MA7)
Stronger support: 3.19โ2.93
๐ Two possible scenarios:
๐ฅ A convincing daily breakout above 4.66, followed by a move above 5.13, could strengthen the recovery.
โ ๏ธ If price gets rejected, a pullback towards 3.53โ3.19 could happen before another attempt upward.
The interesting part? Price is above MA7 but still below MA25 and MA99. So the short-term bounce is bullish, while the broader trend remains bearish.
I wouldn't chase a 40% pump blindly. Watch confirmation and manage risk carefully.
What's your move: buy the pullback or wait for a breakout above 4.66? ๐
#HotCPIDecemberHikePriced #AnthropicRejectsIPODelayValuationinQuestion #CoreWeaveJumps10%On168%RevenueGrowth #CanNvidiaEarningsEaseMarketConcerns? #BarclaysRaisesBlackRockBitcoinETFStake48%
$SNXXB
