【$SNX Signal】Pullback to add longs + 1H bottom formation, obvious signs of main force supporting the market

$SNX The 1H level repeatedly tests the 0.303-0.317 range, current price oscillates around 0.314, 1H RSI(47) has exited the oversold zone, showing bottoming signs. Although the 4H level is still in a downtrend channel, open interest(OI) remains stable, price declines but no large-scale long liquidation occurs. Combined with negative funding rate(-0.0091%), there is potential for a short squeeze rebound. Market depth shows buy orders are unusually thick in the 0.30-0.31 range, indicating clear support from the main force.

🎯Direction: Long (Long)

⚡Entry/Order: 0.306 - 0.308

🛑Stop Loss: 0.299

🚀Target 1: 0.322

🚀Target 2: 0.330

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price of 0.308. The remaining position aims for Target 2 with a trailing stop. If the price retraces and falls below breakeven, exit all positions.

Depth Logic: Although the 4H trend is weak, the 1H level has shown positive signals. The key support at 0.303 has been tested multiple times without effective breakdown, indicating strong support below. Open interest(OI) remains stable during price declines, suggesting it’s not main force unloading but rather a shakeout. Meanwhile, the depth imbalance is as high as 38.22%, with buy orders far exceeding sell orders, fueling the rebound. The 1H EMA20(0.3148) is the first resistance level to hold, and a break above it will open upward space.

View real-time market 👇 $SNX

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