# SNX

$SNX bounced strong from support! Momentum building—could see a nice move up soon. Keep your eyes on it 👀📈
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$SNX 4H SETUP | BEARISH CONTINUATION TOWARD SELL-SIDE LIQUIDITY
‍#SNX is tapping into a 4H order block with inducement above, signaling a potential liquidity sweep before bearish continuation.
Technical Structure:
✅ 4H Order Block resistance ($0.288)
✅ Inducement above → liquidity sweep potential
✅ Bearish structure → lower highs & lower lows
✅ External liquidity taken → continuation setup
✅ Premium zone rejection expected
Targets: $0.269 → $0.262
Invalidation: 4H close above $0.304
Bearish bias. Wait for liquidity sweep + confirmation (MSS / CISD / FVG) before shorting toward sell-sid

#SNX $SNX Current price $0.2412, 24h -7.44%.
My understanding is that there is a quick short-term pullback, and funds are somewhat eager to exit.
The only concern is that large investors hold 68% long positions, with a relatively heavy position, and the key level was not held, so the rhythm may fluctuate.
Below $0.23396 is the key level, and above $0.24723 is the recovery observation level.