SNX/USDT possible bounce with 1:5 risk reward

SNX has entered its bearish trend breaking some important support zones.

At the moment I expect it to bounce up to $9 and complete 'M' pattern.

A good trade could be taken on trend line breakout.

We see how price will react to first resistance at around $7.2.

Mid/Long term I don't see it breaking its ATH, to me the best 'bullish' scenario is being in a range for couple of months.

The worst that could happen - going for new ATLs (all time low).

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