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SNXBTC trade ideas

Crypto|SNX/BTC|LongLong SNX/BTC Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Black arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
10
Above & Beyond with SNXThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY! If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
Long
by SvarogPerun
Breakout in Synthetix (SNX) What it is and how to eat it, 2x soSynthetix (SNX) What is it and what is its use? SNX Total Marketcap Value: $ 2,202,648,474 Has entered SNX in 24 hours a total of: 228,996,693 At a technical level SNX / BTC only in this pair has formed a breakout triangle with a candle that has formed above the triangle confirming a bullish breakout But based on market sentiment, he indicated price zones at the close of the triangle, expecting a pullback next to happen. For the take profit I have used moving stockings and fibonnaci Marking the objectives like this: Shopping area 0.0003783 0.0003463 take Profit 1 0.0004265 Take profit 2: 0.0004538 Take profit 3 0.0004965 The macd still does not close on the signal line confirming the rise therefore it is my confirmation to wait for a retracement The rsi indicates an intermediate price level it does not yet mark an upward formation as such, therefore it will help me to enter the next price drop will happen But what is it Summary¶ Synthetix what it is and how it is eaten, Synthetix is ​​a decentralized synthetic asset issuance protocol built on top of Ethereum. These synthetic assets are guaranteed by the Synthetix Network Token (SNX) which, when locked in the contract, allows the issuance of synthetic assets (Synths). This joint guarantee model allows users to convert between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage problems experienced by DEXs. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short), and commodities. SNX holders are incentivized to stake their tokens as they are paid a prorated portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. It is the right to participate in the network and capture the fees generated by Synth exchanges, from which the value of the SNX token is derived. Operating on Synthetix.Exchange does not require the operator to have SNX. SNX as a guarantee How SNX Supports Synthesizers All synthesizers are backed by SNX tokens. Synthesizers are minted when SNX holders stake their SNX as collateral using Mintr, a decentralized application for interacting with Synthetix contracts. Synthesizers are currently backed by a 750% guarantee ratio, although it may be increased or decreased in the future through community governance mechanisms. SNX users incur debt when they mint synthesizers, and in order to exit the system (that is, unlock their SNX) they must pay off this debt by burning synthesizers. Synthetix is ​​also testing Ether as an alternative form of collateral. This means that traders can borrow Synths against their ETH and start trading right away, rather than having to sell their ETH. Betting ETH requires a 150% collateral ratio and creates debt denominated in ETH, so ETH players mint SETH instead of sUSD and do not participate in the 'combined debt' aspect of the system. In this model, ETH bettors do not receive commissions or rewards, as they are not at risk from the debt pool. Why do SNX forks bet? SNX holders are incentivized to stake their tokens and mint Synths in a number of ways. First of all, there are trade rewards. These are generated every time someone exchanges one synthesizer for another (i.e. on Synthetix.Exchange). Each trade generates a trading fee that is sent to a fee pool, available for SNX players to claim their share each week. This fee is between 10 and 100 bps (0.1% - 1%, but normally 0.3%) and will be displayed during any trade on Synthetix.Exchange. The other incentive for SNX holders to bet / coin is SNX gambling rewards, which come from the protocol's inflationary monetary policy. From March 2019 to August 2023, the total SNX supply will increase from 100,000,000 to 260,263,816, with a weekly decay rate of 1.25% (as of December 2019). Starting in September 2023, there will be annual terminal inflation of 2.5% in perpetuity.
Long
by fidubit
3
SNX Trade SetupSNX is likely to see a pump here in my opinion. It has had a long sustained uptrend with higher highs and higher lows. It has been pretty volatile on this move, which is a good sign that more volatility is to come. What has me bullish on this specifically is that it is exhibiting the slingshot pattern near ATH resistance. What I mean by this is it had a sideways move at support, peeked above the higher bound, then fell straight down below the lower bound and rebounded. It is now in a short period of low volatility. Short periods of low volatility are often followed by high volatility. If it bounces up from this level, it will be in price discovery in the BTC pair. In my opinion this is a trade with a lot of potential upside. In the event of downside, you could try to DCA the bounce off of the 0.382 Or just make your stop price the liquidation price.
Long
by StayHydrated1
2
$SNX - SPOT UPDATEPosition update on twitter can not be shared, since this is a new channel. Please check Coin_Analyst on twitter. You can find the update. $SNX has been one of the good trades from the last few weeks. The group entry is up by +51% 💰💰💰💰 Only 5% shy of our target. SIGNAL DATE SNX x BTC E: 0.0003526 , 0.00040330 T: 0.0006250 SL: 0.000336 PS:If you have any coin requests, comment on this idea. I will analyse your suggestions and publish them on tradingview.
Long
by TheCoin_Analyst