Suspicious activity flagged before the Robinhood listing and $SNX already told you which way it’s going.
$SNX /USDT – SHORT
Trade Plan:
Entry: 0.3540 – 0.3560
SL: 0.3700
TP1: 0.3507
TP2: 0.3450
TP3: 0.3380
Why this setup?
1H SHORT bias active. Price pumped to 0.3687 on listing hype then got sold into immediately, that’s classic news-driven distribution. Every recovery since has been capped under 0.3560 with lower highs tightening. Volume dried up on the bounces but picked up on the drops. Macro at -55% on 180 days means there’s no real buyer base here, just traders chasing headlines.
Debate:
Robinhood listing news already priced in and dumped, do you short the dead cat here or wait for a confirmed break below 0.3507 before sizing in?
Click here to Trade 👇
$SNX
$SNX /USDT – SHORT
Trade Plan:
Entry: 0.3540 – 0.3560
SL: 0.3700
TP1: 0.3507
TP2: 0.3450
TP3: 0.3380
Why this setup?
1H SHORT bias active. Price pumped to 0.3687 on listing hype then got sold into immediately, that’s classic news-driven distribution. Every recovery since has been capped under 0.3560 with lower highs tightening. Volume dried up on the bounces but picked up on the drops. Macro at -55% on 180 days means there’s no real buyer base here, just traders chasing headlines.
Debate:
Robinhood listing news already priced in and dumped, do you short the dead cat here or wait for a confirmed break below 0.3507 before sizing in?
Click here to Trade 👇
$SNX