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SNX is in an interesting position. It’s approaching the point where the demand zone and the upward trend line intersect, which is a point where a rebound can be highly expected. Currently around $0.31, with a 24-hour+1.69%, so it seems to be starting to move a little.
How it breaks through this confluence area will likely be the next key. The structure is still intact, so if SNX rebounds from here, there’s a high possibility it will lead to the next upward wave. Looking at the chart, it’s an interesting situation as a trend-following long candidate.
As the price approaches this intersection, I’m closely watching for what kind of reaction will occur. Curious about what the next move of SNX will be.