SNXUSDT ( INSIDE ACCOMULATION ZONE ) ( 4H )
Updated
SNXUSDT
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency , the price is under bearish pressure , until trading below turning level at 1.395 .
- Turning Level: The price is currently trading below this level around 1.395 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected.
- Resistance Level (1): around 1.530 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.395. If the price reaches 1.530 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
- Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.658 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.829 .
- Support Level (1): As long as the price remains below the turning level of 1.395, it suggests a drop towards 1.226 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
- Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.115 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.005 .
- Channel Trend: the trading rate within the descending channel .
TARGET LEVEL :
- RESISTANCE LEVEL : 1.530 ,1.658 ,1.820 .
- SUPPORT LEVEL : 1.226 , 1.115 , 1.005 .
Trade active
until prices remain below turning level , indicates to reach support level (1)Trade active
breakout a turning level , currently until the price trade above this level , it suggest to rising towards resistance level (1) .
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