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Recently, I noticed that SNX is showing interesting activity. The price is returning to a zone I have been monitoring for a long time — the area where convergence and upward trend lines meet. Currently, it has increased by 3.86% in 24 hours, seemingly beginning to recover.
The good thing here is that this zone was once a strong support point. When the price approaches this convergence level again, I will pay attention to look for trend-following buying opportunities. The structure remains intact, with no signs of breaking.
If SNX can hold steady in this area, the next rally could be coming soon. Now, it's just waiting to see how the price reacts when it hits these important convergence levels. 👀