【$SNX Signal】Two-way Pending Orders, Sniping 1H Convergence End of Trend Reversal

$SNX At the 1H level, triangle convergence nearing completion, price oscillating narrowly between 0.402-0.415, about to choose a direction. At the 4H level, in the middle of a wide 0.392-0.441 fluctuation zone, trend is unclear, but extreme compression on the 1H timeframe is a precursor to a short-term breakout. Negative funding rate provides potential fuel for short squeeze, stable OI indicates a stalemate between bulls and bears, awaiting major players to break the balance.

🎯 Direction: Watch and Wait ( Two-way Pending Orders )

⚡ Breakout Long Entry Order: 0.415 ( Reason: Breaks above 1H triangle convergence upper boundary and EMA20_1H resistance )

⚡ Pullback Long Entry Order: 0.398 ( Reason: Rebounds off the lower boundary of the dense 4H trading zone and EMA50_1H dynamic support )

🛑 Stop Loss: 0.388 ( Reason: Breaks below previous 4H low and ATR lower band )

🚀 Target 1: 0.432 ( Reason: 4H previous high resistance level )

🚀 Target 2: 0.445 ( Reason: 1.618 Fibonacci extension level )

🛡️ Trading Management:

- Position Size Suggestion: Light ( Reason: Market direction unclear, speculative positioning )

- Execution Strategy: Once any pending order is triggered, if the price moves quickly in a favorable direction, move the stop loss to break-even at entry price. After reaching Target 1, reduce position by 50%, and trail the remaining stop loss below Target 1 to aim for Target 2.

Depth Logic: Order book shows heavy buy accumulation below 0.40, forming a support wall. The 1H RSI is at a neutral 47.89, with room to move upward. The negative funding rate of -0.0338% suggests bears need to pay fees, which could trigger a short squeeze if the price does not decline. The key now is whether the price can hold above 0.41 and attract follow-up buying, breaking the deadlock.

View real-time market 👇 $SNX

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL