SNX/USD - Sell signal triggered. Correction due - $11 possible
As indicated in my last idea, SNX has broken the yellow parabola and closed a daily candle outside. Therefore we're cleared to go lower now.
Obviously falling to $5 -7 may be unrealistic right now as we have plenty of support levels until there, but a good support level to eye is around $11 as shown on the chart.
The indicators are also very bearish with falling momentum and decreasing volume.
Therefore, this is a good moment to explore short opportunities with a tight stop loss should we turn back up for some reason.
Like and follow if you liked this idea!
Obviously falling to $5 -7 may be unrealistic right now as we have plenty of support levels until there, but a good support level to eye is around $11 as shown on the chart.
The indicators are also very bearish with falling momentum and decreasing volume.
Therefore, this is a good moment to explore short opportunities with a tight stop loss should we turn back up for some reason.
Like and follow if you liked this idea!
Note
Well well well... here we are.
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.