SNXUSDT remains in a downtrend despite breaking its trendline, with price action still dipping. The current focus is on the potential completion of Wave 5, targeting the projected re-accumulation zone but this setup only activates if $0.548 support breaks.
If this level holds, a rebound could drive price toward the upside targets already outlined. On the flip side, a sudden breakout above $0.96 would invalidate the drop scenario entirely.
What’s your take on this structure? Drop your thoughts below
If this level holds, a rebound could drive price toward the upside targets already outlined. On the flip side, a sudden breakout above $0.96 would invalidate the drop scenario entirely.
What’s your take on this structure? Drop your thoughts below
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.