【$SNX Signal】Pullback to Long + 1H RSI Bottom Divergence, Clear Sign of Main Force Supporting the Market

$SNX The 1H level is testing a key support zone, with the price hovering around 0.316. The 1H RSI(44.42) shows bottom divergence, and the buy order depth (bid_ask_ratio_depth: 1.67) is significantly thicker than the sell orders, indicating a clear intention of main force to support the market. Although the 4H level is in a downtrend channel, the open interest remains stable. In a negative fee environment, the price has not further collapsed, suggesting a potential short squeeze rebound.

🎯Direction: Long (Long)

⚡Entry/Order: 0.315 - 0.317

🛑Stop Loss: 0.306

🚀Target 1: 0.328

🚀Target 2: 0.335

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.317. Trail the remaining position for profit-taking; if the price drops below 0.322, exit all.

Depth Logic: The price is falling but open interest remains stable, indicating it’s not main force unloading, but rather passive liquidation of longs. The order book depth imbalance reaches 25.18%, with buy orders clustered in the 0.30-0.316 range, forming a strong support wall. The 1H price is closely hugging the EMA20(0.318). Once volume breaks through 0.322 (the previous 1H high), a short-term rebound will be confirmed. In a negative fee environment, the risk of short squeeze is accumulating.

View real-time market 👇 $SNX

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