$SNXX recorded a significant liquidation event, with $24.24K in long positions liquidated around $6.06. This suggests considerable pressure on leveraged buyers and makes the upcoming price reaction important. A successful stabilization could create conditions for a potential recovery.
Key Levels to Watch:
Support: $5.90–$6.00
Resistance: $6.15–$6.25
Next Targets: $6.40 / $6.60
If SNXX reclaims $6.25 with stronger volume, bullish momentum could accelerate toward the next targets. However, losing $5.90 may expose the price to further weakness. Watch for a confirmed breakout before taking action.
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