【$SNX Signal】Pullback to Long: 1H Oversold Rebound + 4H Key Support Zone Setup

$SNX The 1H timeframe has entered a severely oversold zone, with RSI dropping to 25.5, indicating ample short-term selling pressure has been released. The 4H price is testing a critical support zone around 0.305, and open interest remains stable, with no signs of panic selling. Market depth shows strong buy orders in the 0.295-0.300 range, providing a foundation for a potential rebound. The current price is far from the 1-hour moving average, making direct shorting highly risky. It’s more suitable to wait for a rebound or a pullback to a strong support zone to go long.

🎯Direction: Long (Buy on Pullback)

⚡Entry/Order: 0.297 - 0.300

🛑Stop Loss: 0.288

🚀Target 1: 0.315

🚀Target 2: 0.325

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price of 0.300. Hold the remaining position to aim for Target 2. If the price pulls back and breaks below the trailing stop, exit all positions.

(Order Book Logic: The price is declining but open interest remains stable, suggesting it’s not large-scale liquidation by major players, possibly a short squeeze caused by leveraged longs. The 1H RSI is severely oversold, indicating a technical rebound is likely. The 0.295-0.300 zone below is a dense trading and buy order area, forming a strong support. Negative funding rates favor a short squeeze rebound triggered by short covering. )

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