$SNX just stepped out of compression.
And compression rarely resolves sideways.
For weeks on the 4H, price went nowhere — tight range, shrinking volatility, constant rejection around 0.34. That ceiling mattered.
Now it’s being pushed through.
Breakouts only count if they hold. And
#SNX isn’t wicking back below — it’s building above prior resistance. That’s acceptance, not a fake poke.
When a market spends time coiling and then starts reclaiming structure, the move often extends further than expected. Consolidation is fuel. Expansion is the release.
📊 Trading Plan Long
$SNX (Futures)
• Entry: 0.335 – 0.350
• TP1: 0.400
• TP2: 0.500
• TP3: 0.674
• SL: 0.303
As long as 0.303 holds and price keeps defending above the reclaimed 0.34 zone, upside continuation remains favored. A decisive push through 0.40 likely accelerates momentum toward mid-range liquidity near 0.50.
This is breakout after patience.
Not a chase — a transition.
Trader
$SNX Here 👇