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SNXUSDT trade ideas

SNXUSDT trading opportunitySNX/USDT is trading within a potential descending channel, with a dynamic trendline influencing the pace of the trend. The price has recently broken above the trendline and pulled back to retest it, aligning with the channel’s bottom boundary. The subsequent bounce suggests a strong bottom, indicating the potential for further upward movement, likely testing the channel's upper boundary. The plain is to re-accumulate within the buy-back zone and target the mid-term resistance level for profit-taking. Feedback on this setup is welcome to refine the analysis further.
by weslad
Is SNXUSDT About to Make a Big Move? Yello, Paradisers! SNXUSDT has shown an ideal retracement, setting up a high probability for a bullish bounce from the current support zone. 💎There’s potential for a W-pattern formation here. If the price successfully breaks out and closes candle above the resistance level, this would significantly increase the likelihood of a bullish continuation. 💎However, while a bullish move is possible, the probability at this stage is relatively low, making it a scenario worth watching but not acting on just yet. 💎If panic selling or a deeper retracement occurs, the strong support zone below may offer a favorable bounce. To increase confidence in this setup, we need to see a bullish I-CHoCH (internal change of character) on lower timeframes. 💎On the flip side, if SNXUSDT breaks down and closes candle below the strong support zone, the bullish thesis will be invalidated. In that case, it’s best to remain patient and wait for more favorable price action to develop. 🎖Always remember, Paradisers, discipline and patience are the keys to consistent profitability. Avoid making emotional decisions and stick to your strategy. The market rewards the patient! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
SNX LongThe Accumulation Phase (2023-2024) is marked on the chart, showing a period of consolidation where price moves within a range. This phase indicates that buyers and sellers are reaching equilibrium, setting up a strong foundation for future price movement. The Demand Zone (2025) is represented by the blue dashed area, a key level of support where price could experience a bounce. This zone is crucial as it could offer an entry point for long trades before a potential breakout. The chart projects a Bullish Breakout (2025 and beyond) , where the price is expected to rise significantly after the accumulation phase. Potential Target: The price is projected to rise significantly after the breakout, potentially reaching targets as high as $16 based on the breakout from the demand zone. Overall Outlook: The chart suggests a well-planned accumulation phase with a likely bullish breakout in 2025. Keep an eye on the demand area for potential entries and watch for upward momentum as price breaks above key resistance levels.
Long
by SerenityEquity
#SNX/USDT #SNX We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $2.50 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 2.60 First goal 3.26 The second goal is 3.60 The third goal is 4.20
Long
by CryptoAnalystSignal
SNXUSDT Signals Bullish Move AheadSNXUSDT Technical analysis update BINANCE:SNXUSDT has been ranging at the bottom for the last 120 days. The price has now broken out above the resistance line with high volume and is trading above the 100 EMA, signaling a bullish trend. This breakout indicates the potential for a strong bullish move in the coming days. Buy zone : Below $1.77 Stop loss : $1.50 Take Profit 1: $1.99 Take Profit 2: $2.40 Take Profit 3: $3.30 Thank You Hexa🧘‍♀️
Long
by HexaTrades
3
#SNX. Great entry point and upside potential. 11/21/24Synthetix Network Token (SNX) is an Ethereum-based token powering the decentralized protocol for issuing synthetic assets, Synthetix. Synthetic assets are created when SNX token holders provide them as collateral using Mintr, a decentralized application for interacting with Synthetix contracts. Currently, the protocol supports synthetic fiat currencies, cryptocurrencies, and commodities. The situation is similar to #DYDX. The token is in a sideways trend and near the lower boundary. Buying at current levels up to $1.22 is a reasonable idea for spot trading. The nearest target is $3.144. On spot, you can easily achieve at least a 2x return.
Long
by trendbooster
Synthetix (SNXUSDT) Ready 4 Long-Term GrowthHello my fellow traders, For SNXUSDT (Synthetix), the All-Time Low was hit in August 2024. After this low, we have three months of accumulation and a bullish breakout is starting to develop now. What makes this breakout different to past instances is the fact that it is supported by rising volume and Bitcoin hitting a new All-Time High. Many Altcoins are also breaking out right now with two and three digits green. What one does, the rest follows. This is all good news. Notice how SNXUSDT is trading really low, specially when compared to many other Altcoins. This is good. Low means low risk on a drop and huge potential for growth on a rise. Catching the bottom means that the possibility exist to enjoy the entire bullish cycle on this pair. We are looking at bottom prices. The purple line on the chart is the previous ATL, December 2022. Seeing SNXUSDT moving above this line makes this pair ultra-bullish. The targets on the chart are conservative targets. These are good targets but below the ATH which sits at $28. Knowing what is coming for Cryptocurrency in 2025 and beyond, massive growth, we can expect a new ATH to hit here and all across. Patience is key. We buy and hold. While things are about to become really exciting, it will still take months and months to enjoy massive growth. At this point what is important is to buy hold and develop a plan. How to maximize profits on the way up? When to sell and by how much? When one pair is sold, a new one is bought. When one pair rises, we sell and look for the ones that are still trading low. We keep on repeating this over and over until the bull-market runs its course. We can also diversify or we can hold long-term. There are many ways to approach the market, what you choose depends on you; your trading style, your capital, your goals, your risk tolerance and so on. We have leveraged trading as well as margin and spot. It is always good to diversify. Only a small portion with leverage because of the higher risk. The bigger portion should be spot, that's the sure way to win. No margin, no leverage, no risk. Thanks a lot for your support. I'll you see on the next one. We are here long-term. Thank you for reading. Namaste.
Long
by AlanSantana
2
Synthetix New All-Time Low On Falling Wedge (222% BU-Pot.)Hello my fellow traders, here we have another highly interesting chart. Synthetix (SNXUSDT) just hit a new all-time low, breaking its December 2022 bottom and hitting the lowest price in its history... This can be good. A reversal can easily follow after a strong crash and we have some signals in support of this statement. 1) We have a bullish harmonic pattern coupled with a strong, almost perfect, falling wedge. While there is always the possibility of one more low, one more crash, a sudden flash crash; the truth is that growth can also start without warning and this is the tricky part about the cryptocurrency/altcoins market. It can take weeks or months for a bullish wave to develop but at other times massive growth can happen in a matter of days; no warning. The patterns and indicators can alert of the event but not the exact timing as to when. We can easily predict the direction but not the date. 2) The classic rounded bottom is also present and the current session is green. More than this small rounded bottom, which is weak due to its small size; we can see SNXUSDT trading back above its December 2022 low support. And that's the main and most important signal. If it trades above this level we can assume that additional growth is possible. Confirmation is needed and this only happens once the session closes. These are early signals, but the potential is good for a bullish jump. Remember to do your own research and planning. Your support is highly appreciated. Namaste.
Long
by AlanSantana
1
Buy Trade Strategy for SNX: Leveraging Synthetic Asset InnovatioDescrizione: This trading idea focuses on SNX (Synthetix), a leading cryptocurrency in the DeFi space, enabling the creation of synthetic assets that track the value of real-world assets like fiat currencies, commodities, and stocks. SNX has established itself as a critical protocol in the decentralized finance ecosystem, offering users a unique way to gain exposure to various assets without holding the underlying asset. With continuous updates, partnerships, and a strong development community, SNX holds significant potential for long-term growth as the DeFi market expands. However, it’s important to note that cryptocurrencies, including SNX, are highly volatile, and external factors such as regulation changes, market sentiment, and technological advancements can impact prices dramatically. Disclaimer: This idea is for educational purposes only and should not be considered financial advice. Cryptocurrencies are highly speculative, and trading them involves substantial risks, including the potential loss of capital. Always conduct your own research, assess your financial position, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
possible entry's for a longtradingview doesnt like that i keep my ideas short n sweet. pretty much usful entrys to long SNX. There must be a trend on the market to talk about a trend reversal pattern. The share price enters the pattern from above. Role: Reversal Expected trend: Bullish Previous tren: Bearish Reliability: Moderate Pattern: Triangle According to the technical analysis principles, the support line changes into resistance line and resistance line changes into support line. When the price breaks the top horizontal line of the triangle, it will act like a support. Sometimes the share price returns to this line before it would start increasing. Target price The basis of the target price calculation is the group of days with large trading volume at the beginning of the pattern.
Long
by dead4586