【$SNX Signal】Continued rebound from selling pressure, buy back on correction on the hourly chart

$SNX The hourly timeframe is consolidating at a high level after a strong rise, with the price moving above EMA20 (🎯0.3156). On the four-hour chart, the previous oscillation platform has been broken with trading volume, and a bullish engulfing pattern has formed, indicating a trend reversal to bullish. The key point is: the negative interest rate reaches -0.9857% and open interest remains stable (OI), fueling the short squeeze pattern (Short Squeeze), confirming that the market is under upward pressure from traders.

🎯Trend: Buy (Long)

🎯Entry/Pending Orders: 0.328 - 0.332 (Reason: Dynamic support from EMA20 on the hourly chart, also a Fibonacci retracement level at 0.382 of the previous wave )

🛑Stop Loss: 0.319 (Reason: Break of support at EMA50 on the hourly chart and the lowest point in the four-hour candle at 0.326, invalidating the short pressure logic )

🚀Target 1: 0.350 (Reason: Highest resistance level of the day, also the first target on the four-hour chart )

🚀Target 2: 0.370 (Reason: Support at the previous bottom on the daily chart, an expanded target based on ATR measurement )

🛡Trade Management:

- Proposed position size: standard size (Reason: Confluence between the four-hour and hourly upward trend, clear short squeeze logic, risk-reward ratio > 1.5 )

- Execution strategy: After the price reaches 0.350, reduce position size by 50% and move stop loss to entry price 0.328. The remaining position aims for Target 2, and if the price breaks the trailing stop, exit completely.

Deep logic: The market logic indicates "price rising, please incorporate position size to determine whether major traders are entering or if the market is pressuring the short." Data supports the second scenario: price up by 8.91%, but open interest remains stable and not increasing dramatically, and the negative interest rate is very high, clearly indicating the market is moving toward closing short positions through upward pressure from traders. The RSI indicator on the hourly chart (62.41) is healthy, not overbought, with room for further rise. Order depth (bid_ask_ratio_depth: 1.96) shows clear buying strength compared to selling, with dense support below the price.

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