$SNX
bullish momentum currently visible on the 4-hour chart, where SNX has recently surged over 10% to break through previous resistance levels. This price action is supported by significant 24-hour trading volume of over 9.12 million SNX, suggesting a genuine breakout rather than a fakeout. Fundamental drivers in April 2026, such as the introduction of Multi-Collateral Margin and a buyback-and-burn deflationary model, further strengthen the case for a sustained upward move by increasing protocol revenue and reducing token supply.
Trade Plan
Based on the current market structure and projected targets, here is a potential setup:
Entry Range: $0.315 – $0.330 (Current market price or on a slight pullback to the breakout level).
Stop Loss (SL): $0.295 (Placing this below the previous support and the $0.30 psychological pivot protects against a reversal).
Target 1 (TP1): $0.350 (Short-term resistance and psychological target).
Target 2 (TP2): $0.380 (Alignment with higher-end monthly bullish projections).
Target 3 (TP3): $0.500
