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SNX/USDT (Futures) Potential Upward Movement

SNX/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 11.063, 12.460, 13.00.

Key Support Levels: 10.081, 9.244, 9.2000.

Daily Chart:

The price on the higher time frame failed to break the strong support level around the 10.081 USDT mark and it posted a series of bars above this zone with long wicks to the downside. we expect a movement to the upside toward the next key level.

SNX/USDT (Futures) Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the coin succeeded to break the bearish flag to the upside after finding buyers around the 61.80% Fibonacci retracement level. a lower correction could be seen to the 10.081 USDT mark before a new impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 10.122

TP 1 @ 11.009

TP 2 @ 12.460

Stop Loss @ 9.868

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. When will it hit TP 1 Joe?

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