SNX: Keep an Eye on Breakout Levelsð
ðParadisers, #SNX has recently displayed CHoCH and BOS, indicating a bullish market structure, and formed a cup and handle pattern, suggesting a potential bullish reversal.
ðIf #SNXUSDT manages to break above the resistant level, it could signify further upward movement, with potential targets towards the next swing resistant levels.
ðIn the event of a pullback, we can anticipate a bounce from the bullish OB, especially if accompanied by bullish candlestick patterns in this area.
ðHowever, if the price breaks down below this area, technically signaling a bearish scenario, it would be prudent to ignore it, considering the prevailing bullish sentiment in the market.
ðIf #SNXUSDT manages to break above the resistant level, it could signify further upward movement, with potential targets towards the next swing resistant levels.
ðIn the event of a pullback, we can anticipate a bounce from the bullish OB, especially if accompanied by bullish candlestick patterns in this area.
ðHowever, if the price breaks down below this area, technically signaling a bearish scenario, it would be prudent to ignore it, considering the prevailing bullish sentiment in the market.
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