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$SNXX Up 15.63% in a day to 4.118, then plunged back to 4.02; the 24h low was 3.18. This is a classic shakeout that flushes both longs and shorts. Trading value of 432M shows that funds are changing hands, not that the market is dead.
My plan is set: place limit orders to buy the pullback in the 3.55–3.68 range, with a stop-loss at 3.14 (if it breaks below the previous low, I’ll admit I’m wrong). Take profit by selling half near the first target of 4.10, around the previous high; the second target is 4.45. Keep the position size under 20%; don’t chase the current price.
The bullish case is a pullback that holds above the central zone after a high-volume breakout; if there are no large-scale token transfers on-chain, that would indicate healthy turnover. The bearish risk is a nearly 30% 24h range: everyone who chased the top is trapped, and overhead supply above 4.11 could trigger a sell-off at any time. I don’t predict direction; I just wait for the price to enter my range.
No trades outside the plan. #每周来晒 #Gate股票畅聊季