$SNX has printed a strong impulsive move to the upside, tapping the $0.36–$0.37 resistance zone with long upper wicks showing rejection. After the sharp pump, price is now stalling near local highs, indicating potential exhaustion and a short-term pullback setup from this supply area.

The move looks extended on the lower timeframe, making a corrective retracement toward previous structure likely.

Trade Setup:

🔹 Entry: $0.342 – $0.350

🔹 TP1: $0.325

🔹 TP2: $0.310

🔹 TP3: $0.295

🔹 SL: $0.372

Failure to break and hold above $0.37 keeps this as a rejection-based short from resistance.

Short Outlook:

As long as $SNX remains below $0.37 resistance, downside pullback toward $0.31–$0.30 is favored. A strong breakout and close above $0.37 would invalidate the bearish setup and shift momentum back to bulls.

SNX
SNXUSDT
0.372
-13.48%