【$SNX Signal】Long - 1H pullback confirmation, 4H breakout imminent

$SNX The 1H timeframe is consolidating above a key support level, with the price pulling back to EMA50(1H) for support. The 4H timeframe has closed bullishly in a row, breaking through the recent consolidation upper boundary, with momentum building up, indicating a forthcoming direction choice.

🎯Direction: Long (Long)

🎯Entry/Order: 0.309 - 0.311 (Reason: 1H EMA50 support zone resonating with dense buy orders)

🛑Stop Loss: 0.303 (Reason: Break below the 4H breakout candle low and the key round number 0.30)

🚀Target 1: 0.318 (Reason: Previous high resistance and 1.272 Fibonacci extension level)

🚀Target 2: 0.325 (Reason: 4H previous high resistance and 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Overall trend remains in rebound phase, not a main upward wave)

- Execution strategy: After the price reaches 0.318 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.311. If the price strongly breaks through 0.318 and stabilizes, hold the remaining position towards 0.325.

Deep logic: The 4H timeframe has formed a clear “higher low” structure and volume has broken through the 0.306 resistance. Although the 1H RSI(67) is slightly high, the price is digesting through sideways consolidation. Key data: Open interest(OI) remains stable, not decreasing with price rise, indicating it’s not purely driven by short covering. Market depth shows buy orders are unusually thick in the 0.30-0.309 range (depth imbalance 33%), providing a solid “floor” for the price. Negative funding rates suggest shorts still hold an advantage, hinting at potential short squeeze opportunities. Overall, a pullback here is an opportunity.

Trade here 👇 $SNX

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