๐ 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.
๐ 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.
๐ 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.
๐ 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.
๐ 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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