See the <language-name>.def file in the context folder. You can add your own snippets to it, or create one if you use user-defined language.
For example, I use
[fori | for i ...]
for (i=0; i | ; i+=1)
{
ยง
}
which gives me
for (i=0; i [color=#ff0000]|[/color] ; i+=1)
{
}
whenever I type "fori" and hit Ctrl+Space, with the cursor at the red line.
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