MyCryptoParadise_Nathan

SNX/USDT Perfect Bounce from the support. Ready continue Upward?

BINANCE:SNXUSDT   SNX / TetherUS
๐Ÿ’Ž SNX has been drawing significant attention in the market, recently undergoing a key phase of retesting its support area. Following this retesting phase, SNX has shown a notable bounce, indicating a probability for continued upward movement toward our identified bearish OB target area.

๐Ÿ’Ž However, if SNX faces challenges during another retesting phase and fails to uphold the support level, which previously acted as resistance, this could be a concerning indicator. Losing this support area could mark a negative shift in SNX's trajectory.

๐Ÿ’Ž In the event that SNX breaks below this support level, it would signal a transition to a bearish trend. Such a development could lead to a downward movement for SNX, possibly directing it towards a strong demand area.

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