【$SNX Signal】Pullback to Long! 1H Oversold Divergence + Strong Support, Clear Signs of Main Force Protecting the Market

$SNX The 1H RSI has entered the oversold zone and shows a bottom divergence pattern. The price repeatedly tests support in the 0.312-0.317 range. Although the 4H chart is in a downtrend channel, the open interest remains stable, with no signs of panic selling. Coupled with negative funding rates, there is potential for a short squeeze rebound. Currently, the price is testing the 1H EMA50 support, with solid buy orders below, indicating main force is defending the market.

🎯 Direction: Long (Pullback for Entry)

⚡ Entry/Order: 0.310 - 0.313

🛑 Stop Loss: 0.299

🚀 Target 1: 0.328

🚀 Target 2: 0.338

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.313. Hold the remaining position to aim for Target 2. If the price pulls back and breaks the moving stop loss, exit all positions.

Depth Logic: Despite the price decline, open interest remains stable, indicating it’s not main force unloading, but rather a passive liquidation of long positions. The 1-hour RSI has fallen to 41, near recent lows, showing a slight divergence with the price and building rebound momentum. Market depth data shows unusually thick buy orders below 0.310, forming a strong support wall, while sell orders above 0.319-0.322 are relatively thin. Breaking through this resistance could trigger a rapid rally. In a negative funding rate environment, the cost for short positions increases, setting the stage for a short squeeze.

View real-time market 👇 $SNX

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #GateforAI重磅上线