SNX's recent market movement is indeed quite interesting. Starting from the lowest point at $0.456, the price has been climbing along the moving averages, with several quick rebounds being absorbed swiftly. The lows are gradually getting higher, clearly indicating that large investors are controlling the rhythm. When the market becomes accustomed to this oscillating upward trend, SNX suddenly surged with a strong push, breaking through previous resistance levels to reach a new high of $0.514. Even after a slight pullback to $0.513, it still gained 11.28% within the day.

Looking at the trading data, the 24-hour trading volume exceeded 10.73 million USDT, with a total volume of 22.22 million. Notably, during the surge phase, trading activity significantly increased, indicating that quite a few funds are taking the opportunity to enter the market. The previous consolidation range seems to have been a preparation phase for this breakout.

If you want to participate now, chasing the high is not very realistic. A more stable approach is to wait for a pullback to the $0.490-$0.500 range and establish small positions at key support levels. Profit targets can be set in stages: first at $0.510, then at $0.520, and if it continues to break previous highs, aim for $0.530. Regarding risk management, it’s crucial to keep a close eye on the $0.480 level; a break below this could weaken the short-term upward momentum.

This rally in SNX is essentially a concentrated breakout after accumulated bullish strength, with a 7-day increase of 20.42% confirming the trend's strength. As long as the support levels below are maintained, the long-side logic remains clear. Conversely, there’s no need to short at this point; trading against the breakout of new highs is likely to lead to losses. For long positions, patience and waiting for a pullback to enter at lower levels will allow for a more stable capture of this rally.