SNX/USDT - Potential targets after the correction
Hello, Traders!
SNX corrected the downward movement from 14 February by more than 60%. Buyers were then forced to take a break.
At the moment, the price is at the exit of the consolidation range of $16.39 to $21.80.
The first altcoin moving upward is ETH, followed by Defi-assets. As a reminder, SNX is one of the foremost Defi projects in the cryptocurrency market.
We can consider entering the position at the range of $20.70-21.80
Stop Loss shall be placed at $19.38
Targets will be:
$23.16
$25.70
$28.94
Good luck and watch out for the market.
P.S. This setup is intended for educational purposes only.
SNX corrected the downward movement from 14 February by more than 60%. Buyers were then forced to take a break.
At the moment, the price is at the exit of the consolidation range of $16.39 to $21.80.
The first altcoin moving upward is ETH, followed by Defi-assets. As a reminder, SNX is one of the foremost Defi projects in the cryptocurrency market.
We can consider entering the position at the range of $20.70-21.80
Stop Loss shall be placed at $19.38
Targets will be:
$23.16
$25.70
$28.94
Good luck and watch out for the market.
P.S. This setup is intended for educational purposes only.
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