$SNXX / USDT – Short Sellers Face Pressure Near $8.53
SNXX registered a $1.5991K short liquidation at $8.53. This indicates that some bearish positions were forced to close as the price moved against them. If buying pressure continues, additional short covering could help support an upward move.
Potential Entry Zone: $8.48–$8.56
Upside Targets: $8.65 / $8.80
Downside Targets: $8.40 / $8.25
Protective Stop-Loss: Below $8.38 for a long setup
Short-Term Bias: Neutral to cautiously bullish
A sustained move above $8.56 could strengthen the recovery scenario. If SNXX fails to hold support, the upward momentum may fade.
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