๐ $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.
๐ The Technical Setup:
โข The Pattern: Macro Double Bottom / Accumulation Base
โข Short-term Target: 3.0000 USDT
โข Macro Objective: 4.0000 USDT
โข Market Structure: Reversal formation
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 0.1900 - 0.2500 USDT
โข Resistance: 1.0000 - 1.5000 USDT
โข Breakout Level: 0.5000 USDT
โข Stop Loss / Invalidation: 0.1500 USDT
๐ Confirmation:
โข Volume: Neutral/standard volume
โข Momentum: Base building at lows
โข Trend: Macro consolidation
โ ๏ธ 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.
๐ 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.
๐ The Technical Setup:
โข The Pattern: Macro Double Bottom / Accumulation Base
โข Short-term Target: 3.0000 USDT
โข Macro Objective: 4.0000 USDT
โข Market Structure: Reversal formation
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 0.1900 - 0.2500 USDT
โข Resistance: 1.0000 - 1.5000 USDT
โข Breakout Level: 0.5000 USDT
โข Stop Loss / Invalidation: 0.1500 USDT
๐ Confirmation:
โข Volume: Neutral/standard volume
โข Momentum: Base building at lows
โข Trend: Macro consolidation
โ ๏ธ 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.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
#SNX #crypto #Binance #bitcoin #altcoins
