#SNX #SNX/USDT #SNXpriceprediction $SNX 🔎 Candle Pattern Analysis
February 2026 candle:
Open: 0.358 → Close: 0.289 (≈ -19%)
Long lower wick (Low: 0.245) shows selling pressure, but weak recovery.
This resembles a bearish continuation candle, not a reversal.
📊 Indicator Check
EMA (7, 25, 99)
EMA(7): 0.545 (well above current price 0.289)
EMA(25): 1.424 (far above price)
EMA(99): NaN (not enough data)
➡ Price is trading far below short & medium EMAs, confirming strong downtrend.
MACD (12, 26, 9)
MACD: -0.802
Signal: -0.736
Histogram: +0.066 (slightly positive)
➡ Momentum is bearish, but histogram suggests weak bullish divergence (possible slowdown in selling).
RSI (6, 12, 24)
RSI(6): 28.3 (oversold)
RSI(12): 36.9 (weak)
RSI(24): 43.1 (neutral-bearish)
➡ Short-term RSI shows oversold conditions, but longer-term still bearish.
Volume
High trading volume (442M SNX, 138M USDT) → confirms strong participation in sell-off.
⚖️ Trade Setup Suggestion
Bias: Bearish with caution
Trend: Strong downtrend (price below EMAs, MACD negative).
Momentum: Oversold RSI may trigger short-term bounce, but not enough for trend reversal.
Candle: Bearish continuation, no clear reversal signal yet.
Tactical Setup
Sell/Short Bias:
Entry: Near 0.30–0.32 (if price retests resistance).
Stop-loss: Above EMA(7) ≈ 0.55 (to avoid whipsaw).
Target: 0.25 (recent low), extended 0.20 if breakdown continues.
Alternative (Aggressive Long):
Only if price stabilizes above 0.30 with bullish divergence confirmation.
Entry: 0.30–0.31
Stop-loss: 0.25
Target: 0.40–0.45 (short-term bounce).
✅ My Recommendation
Right now, trend favors SELL/SHORT, but RSI oversold means you should wait for a small bounce to enter short rather than chasing at the bottom. If you’re risk-averse, avoid buying until price reclaims EMA(7) with strong volume.