đź’Ž SNX has significantly caught the market's attention, having recently achieved a notable milestone by breaking through a key resistance area, along with completing the Eve Adam Pattern. This pattern is typically recognized as a rounding bottom, indicative of a bullish trend.
đź’Ž Presently, SNX is demonstrating a robust bounce during its retesting phase at what was previously resistance, now serving as support. This positive momentum suggests a probability continuation of its upward journey, with our next goal being a formidable resistance area.
đź’Ž However, there is a concern: if SNX fails to maintain its upward trajectory and loses support upon returning to this area, it could signal a false breakout. Such a scenario would not bode well for SNX's future direction, possibly leading to a downward trend back towards the demand area.
đź’Ž At the demand level, a strong rebound is essential for SNX. If it fails to show a significant recovery from this zone, there's a risk of further breakdown. This could lead SNX into a deeper bearish trend, potentially moving towards a stronger support area.
đź’Ž Presently, SNX is demonstrating a robust bounce during its retesting phase at what was previously resistance, now serving as support. This positive momentum suggests a probability continuation of its upward journey, with our next goal being a formidable resistance area.
đź’Ž However, there is a concern: if SNX fails to maintain its upward trajectory and loses support upon returning to this area, it could signal a false breakout. Such a scenario would not bode well for SNX's future direction, possibly leading to a downward trend back towards the demand area.
đź’Ž At the demand level, a strong rebound is essential for SNX. If it fails to show a significant recovery from this zone, there's a risk of further breakdown. This could lead SNX into a deeper bearish trend, potentially moving towards a stronger support area.
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đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
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Want to trade like a PRO without the 15+ year learning curve?
đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.