$SNX 🌪️ 3.8x Buy Volume Spike on
$SNX , breakout or exhaustion? Finora AI 15m breakdown
- With this extraordinary volume spike and strong bullish momentum, I expect the price to continue rising in the short term, targeting first 0.250, then 0.256. These are the most likely next liquidity areas where sellers might step in.
- A good long setup would be to wait for price to retest 0.235 or 0.232 and show a strong bullish reaction. For example, see if a pin bar forms or a bullish engulfing candle appears after a brief dip to these levels. Enter after the bullish confirmation, targeting 0.250 as TP1 and 0.256 as TP2.
- If price surges through 0.256 with strong volume, the next target would be 0.266, but be cautious for signs of exhaustion or sudden rejection.
- Stop-loss should be set just below the swing low that forms after your entry (for example, under 0.232 or under 0.219 if a deeper pullback occurs).
- If price suddenly dumps below 0.219 with strong bearish volume, I would reconsider the bullish bias and look for further signs of reversal before attempting to re-enter long.
- For aggressive traders, a quick scalp short could be attempted at 0.256 if there’s a clear sign of rejection (large wick, reversal candle, sudden volume drop), targeting the 0.235-0.232 zone, but this is higher risk in the current bullish context.
📝 This is not investment advice, but an educational report. Please use strict risk management — trade only with confirmations and always place your stop-loss at the nearest swing low. 🚦
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