SNX/USDT Golden Zone 0.87–0.75 — Accumulation or Breakdown AheadSNX has returned to the golden zone at 0.87–0.75, a level that has historically acted as the main battlefield between buyers and sellers.
Price is now retesting the same area that once served as the foundation of a strong accumulation phase earlier this year.
But this time, the context is different — after a sharp rejection from the 3.68 high, the market is testing whether this zone still holds real demand strength or not.
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📊 Technical Structure & Price Pattern
On the 2D chart, SNX has formed a broad accumulation range between 0.75 and 1.23.
The spike to 3.68 looks like a classic liquidity sweep, where the market took out stop orders above resistance before quickly pulling back — often a sign of redistribution and preparation for the next move.
Now, the 0.87–0.75 zone becomes the decision point:
If it holds, the structure could evolve into a reaccumulation phase;
If it fails, the market may confirm a descending continuation pattern toward the previous low around 0.48.
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🟩 Bullish Scenario — Reclaim & Relief Rally
For a bullish continuation:
Price must hold above 0.87 and establish a higher low above 0.80.
A confirmed reclaim of 1.05 and 1.23 will strengthen the bullish case, unlocking higher targets at 1.70 → 2.25 → 3.20.
Sustained buying pressure with volume could shape a major double bottom targeting the upper range near 3.20.
For swing traders, this yellow zone offers a low-risk accumulation opportunity, with clearly defined risk below 0.75 and potential multi-fold upside.
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🟥 Bearish Scenario — Breakdown & Failed Retest
If price closes below 0.75, it would confirm a range breakdown.
Typical follow-up structure:
Failed retest (price retests 0.80–0.87 and gets rejected);
Bearish continuation toward 0.60–0.50, with possible extension to 0.48.
This scenario could represent a final capitulation phase before a major cycle bottom — so traders should monitor volume and market sentiment closely.
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🔎 Analytical Perspective
The 0.87–0.75 zone isn’t just a technical level — it’s a psychological battleground.
Large players often define their next move here, either absorbing supply for accumulation or distributing before the next leg down.
Watch for bullish RSI or OBV divergences, as they often precede strong reversal setups before breakouts.
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📈 Strategic Outlook
Key Zone: 0.87–0.75
Current Sentiment: Neutral / Wait for confirmation
Directional Bias: Bullish above 0.87, Bearish below 0.75
Main Bullish Targets: 1.05 → 1.23 → 1.70 → 2.25 → 3.20
Main Bearish Targets: 0.60 → 0.48
Keyword: “This zone will define SNX’s next market cycle.”
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