SNX / TetherUSShort
SNX in clear Distribution Phase on 1 Hour Short Entry
SNX on 1 Day timeframe in Accumulation process and in order to catch the low price this is an opportunity. Today at 1 hour timeframe a clear distribution phase is loaded now and to complete the 1 Day Accumulation phase so now we have an entry chance over the distribution phase of 1 hour. Short Entry towards higher timeframe cycle.
Note
You can Enter this short in two ways either wait for come at the order block the safer entry or you can enter once it will cross the creek with impulse wave and then enter short from creek line. Please note that the wave who cross the creek it made some order block or Supply on the creek then it is a safer entry.
Good Luck
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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.