SNX / TetherUS
Long

#SNX/USDT

151
#SNX

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.827.

We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.

We are looking for stability above the 100 moving average.

Entry price: 0.880
First target: 0.900
Second target: 0.943
Third target: 0.977

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