SNX / TetherUS
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#SNX/USDT

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#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 0.711.

We are seeing 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: 0.744
First target: 0.765
Second target: 0.785
Third target: 0.811

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