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Long time no see this kind of textbook setup on $SMX.
Reminded me instantly of how $NETE played out back in 2020 — same pattern, same energy.
Was eyeing this short trap scenario right from the open. Target zone? Somewhere between $42 and $60. Pulled the trigger on that trade idea and the execution lined up pretty nicely.
When you spot these recurring patterns, the playbook almost writes itself. History doesn't repeat, but it sure rhymes.
Well, the range between $42 and $60 is indeed a nice interval.