$SNX Synthetix Quick Analysis Overview ( @synthetix_io )
Updated
Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today .
Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets.
We have various clues that
SNXBTC can go higher by breaking the rising wedge on daily timeframe.
Thing that make me bullish is the VPVR indicator, it shows a lot of trading volume on the level we are now, it usually means that it might act as support or resistance in long-term vision.
Trade altcoins wisely in this period, because one strong move by Bitcoin you can lose 10-20% of your position, so always use stop loss to avoid that happening.
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets.
We have various clues that
SNXBTC can go higher by breaking the rising wedge on daily timeframe.Thing that make me bullish is the VPVR indicator, it shows a lot of trading volume on the level we are now, it usually means that it might act as support or resistance in long-term vision.
Trade altcoins wisely in this period, because one strong move by Bitcoin you can lose 10-20% of your position, so always use stop loss to avoid that happening.
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
Trade active
Profitable:) I would sell a bit now
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