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Breaking barriers: SNX is totally crushing it right now. It finally busted through a major resistance level at $3.3, a tough nut it's been trying to crack since August 2022. This is a big deal because SNX has been playing 'Red Light, Green Light' with this price point and finally got the green light!
The magic number $4.4: Now that $3.3 is in the rearview mirror, the next big thing is $4.4. This number is like a magnet; it's been both a tough ceiling and a comfy floor for prices in the past. So, eyes on the prize - that's where SNX might be heading next!
Catch your breath: The climb has been intense, and SNX might need a little break. Think of it like needing a water break after a sprint. We're looking for some chill time above $3.3 to gather strength for the next leap.
Bouncing ball scenario: We might see a bit of a dip back to old levels, like $2.566. Well - sometimes, you step back before jumping forward.
Patience is key: The advice is to play it cool and watch how SNX treats this new support level. If it stays strong, it could be a launchpad for higher prices. But if it cracks, expect a bit of a slide down before potentially shooting back up.
The big takeaway?
SNX is making waves, and this new price territory is super exciting. Some sweet moves are on the horizon, whether SNX dips or climbs.
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