【$SNX Signal】Empty Position | Downtrend Continuation, Main Players Distributing
$SNX Price decline accompanied by stable open interest, indicating typical distribution by large players rather than long liquidation. The 4H rebound is suppressed by 0.309, buying momentum is weak, Taker is buying but price is stagnant, showing heavy selling pressure above.
🎯 Direction: Empty Position (NoPosition)
The current structure is a downtrend continuation, lacking support for long positions, and the odds of shorting are unfavorable. Wait for the price to effectively break below 0.285 to confirm accelerated decline, or wait for a strong breakout above 0.315 to invalidate the structure before seeking new opportunities.
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【$SNX Signal】Empty Position | Downtrend Continuation, Main Players Distributing
$SNX Price decline accompanied by stable open interest, indicating typical distribution by large players rather than long liquidation. The 4H rebound is suppressed by 0.309, buying momentum is weak, Taker is buying but price is stagnant, showing heavy selling pressure above.
🎯 Direction: Empty Position (NoPosition)
The current structure is a downtrend continuation, lacking support for long positions, and the odds of shorting are unfavorable. Wait for the price to effectively break below 0.285 to confirm accelerated decline, or wait for a strong breakout above 0.315 to invalidate the structure before seeking new opportunities.
Trade here 👇 $SNX
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