SNX/USD - Sell signal triggered. Correction due - $11 possible
As indicated in my last idea, SNX has broken the yellow parabola and closed a daily candle outside. Therefore we're cleared to go lower now.
Obviously falling to $5 -7 may be unrealistic right now as we have plenty of support levels until there, but a good support level to eye is around $11 as shown on the chart.
The indicators are also very bearish with falling momentum and decreasing volume.
Therefore, this is a good moment to explore short opportunities with a tight stop loss should we turn back up for some reason.
Like and follow if you liked this idea!
Obviously falling to $5 -7 may be unrealistic right now as we have plenty of support levels until there, but a good support level to eye is around $11 as shown on the chart.
The indicators are also very bearish with falling momentum and decreasing volume.
Therefore, this is a good moment to explore short opportunities with a tight stop loss should we turn back up for some reason.
Like and follow if you liked this idea!
Nota
Well well well... here we are.
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.