#我在Gate广场过新年 $SNX 1H level is testing a key support zone, with the price hovering around 0.316. The 1H RSI(44.42) shows signs of bullish divergence, and the bid depth (bid_ask_ratio_depth: 1.67) is significantly thicker than the ask side, indicating a clear intention by the main force to defend the price. Although the 4H level is in a downtrend channel, the open interest remains stable. In a negative fee environment, the price has not further collapsed, and there is a potential for short squeeze rebounds.

🎯Direction: Long (Long)
⚡Entry/Order: 0.315 - 0.317
🛑Stop Loss: 0.306
🚀Target 1: 0.328
🚀Target 2: 0.335
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.317. Trail the remaining position for take profit; if the price drops below 0.322, exit all.
Depth Logic: The price is falling but open interest remains stable, indicating it’s not mainly a dump by the main force but more like passive liquidation of longs. The order book depth imbalance reaches 25.18%, with buy orders accumulating in the 0.30-0.316 range, forming a strong support wall. The 1H price is closely aligned with EMA20(0.318). Once volume breaks above 0.322 (the 1H previous high), it will confirm the start of a short-term rebound. In a negative fee environment, the risk of short squeeze is accumulating.
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