✅ $SNX Short Trade — TP Hit at $0.311! Here's the full breakdown. 🧵
Yesterday I posted that I was watching $SNX closely and flagged the $0.30–$0.32 compression zone. I opened a short position and set my Take Profit at $0.311 — and it's done. ✅
Here's the trade recap and what comes next 👇
📊 Trade Summary:
🔹 Entry: ~$0.32 resistance zone
🎯 TP: $0.311 — HIT ✅
📉 Result: Clean short, played the compression breakdown perfectly
🔍 What confirmed the trade:
🔹 50-day MA was above price and falling — acting as resistance
🔹 200-day MA falling since August 2025 — long-term weakness confirmed
🔹 Only 14 buyers vs 25 sellers in 24H — sellers clearly in control
🔹 Macro crypto sentiment weak — Fear & Greed at 23 (Extreme Fear)
📍 Where is SNX now?
Current price: ~$0.315 | 24H volume: $31.7M | Market cap: $108M
Next week forecast: $0.2827–$0.3014 range — still bearish bias
⚡ What's next for $SNX?
Key support to watch: $0.289 — if this breaks, next stop could be $0.27 or lower
🟢 Bullish wildcard: The 2026 Roadmap buyback plan could flip sentiment fast if BTC stabilizes
🔴 Bearish case remains: 200-day MA still falling, macro headwinds heavy
This is why I always post my analysis BEFORE the trade — so you can see the reasoning, not just the result. Transparency builds trust. 🙏
Not financial advice. DYOR. Did you catch this $SNX move? Drop your thoughts below 👇