$SNX just shifted the mood of the chart.
A $1.22K short liquidation hit at $0.377. That means sellers who were betting on a drop got forced out as price pushed up. When shorts get squeezed like that, it’s not random. It shows real demand stepping in.
The $0.37000 area is the key level here. Price reclaimed it and held. What was acting as resistance is now turning into support. That flip matters. It tells us buyers are no longer defending lower levels — they’re building above them.
The structure is changing from tight compression into expansion. We’re seeing higher lows form, and momentum is starting to breathe. Liquidity is sitting above the recent swing highs, and markets naturally move toward liquidity.
Entry zone: $0.37200 – $0.37800$
TP1: $0.40500$
TP2: $0.43200$
TP3: $0.46000$
Stop loss: $0.35200$
If $0.37000 holds, the path toward $0.43000+ opens up. The short liquidation already cleared some pressure overhead. Now it’s about continuation.
Right now, SNX doesn’t look heavy. It looks like it’s preparing for the next leg up.
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