$SNX bounced sharply after liquidity was cleared near the 0.408 zone, and this level clearly marked the exhaustion of sellers. The bounce was not random; buyers stepped in with intent, and the price quickly restored the short-term structure. Higher lows are now forming on the 1-hour chart, and momentum is recovering rather than stopping.
Here is the refined setup from this chart.
Entry point: 0.438 to 0.426
Target point
TP1: 0.452
TP2: 0.468
TP3: 0.495
Stop-loss: 0.414
Plan - continuation from the restored support. As long as SNX holds above the base of 0.425–0.428, the upward pressure remains valid, and the price may revisit the previous supply zone. A break below support would weaken the structure and nullify the setup
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SNXUSDT
Perp
0.433
+2.60%