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SNX / TetherUS

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SNXUSDT trade ideas

SNXSynthetix’s SNX token rose over 14% in the past 24 hours as developers said the protocol’s decentralized autonomous organization (DAO) had renewed a deal with liquidity provider Jump Crypto. DAOs are entities that have no central leadership, and are owned and governed by their members. Their decisions are carried out by software rather than by human managers. “Jump Crypto’s experience in data-driven trading and liquidity provisioning will complement Synthetix’s mission to become the liquidity backbone for on-chain derivatives,” developers said in a tweet on Thursday night. The Chicago-based trading firm is expected to work closely with the Synthetix network to provide liquidity across listed assets and product feedback. Jump Crypto provides liquidity services and investments, and it participates in project governance. Synthetix didn't immediately respond to a request for comment. SNX rose to as much as $3.37 during Asian trading hours before profit-taking caused the price to decline to $3.25 at press time. The tokens have gained over 19% in the past week, but only 4% compared with the past month after a market-wide decline pushed prices to monthly lows of $2.13 in early July. However, the fundamentals remain strong. Since March, Synthetix has recorded trading volumes of over $2.8 billion, mainly from its atomic swaps and perpetual swaps products. Atomic swaps refer to an exchange of cryptocurrencies from separate blockchains. These use Uniswap and Chainlink live prices to ensure traders' accurate execution. Popular products on Synthetix include ether (ETH), bitcoin (BTC) and chainlink (LINK) token derivatives traded against Synthetix USD (SUSD), a dollar-pegged stablecoin. The pairs have seen over $40 million in trading volume in the past 24 hours, Nomics data shows. Market Cap $355,347,258 On the technical side: If we consider the weekly TF. We have a weekly timeframe built on big timeframes. You can work from the border of the lower channel and gain position during the test.
Long
by MaxsimusTrade
18
SNX - SYNTHETIX - PRICE ACTION UPDATEIn this video I want to sort out the boys from the men. You are either a bull or a bear. you cannot be both. See here in this video a whole bunch of my my thoughts freely available as we head towards at least seven dollars. Being a trader doesn't just mean buy at the right time or even selling at the right time. it requires conviction and a firm grip of what is to be expected from from action. If you follow a trend following system then how accurate is your exit strategy? I believe that any type of strategy is prone to failure especially if you do not know how to read waves. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX - SYNTHETIX - PRICE ACTION UPDATEJust a follow up video to the previous introduction to the AriasWave interpretation of SNX. The previous count was only slightly off with critical support maintaining price action contained. After quite a strange looking 1-2 pattern this eventually started exploding to the upside. Needless to say it was another good pick amongst these times where good moves are hard to find... early. The aim here is to try and get into these trades in a timely manner and AriasWave predicts the price action which allows it. I have linked the previous SNX idea below. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
SNX - SYNTHETIX - Trade Setup Using AriasWaveI have been scanning though a bunch of tradable cryptos on Binance and looking for interesting setups. This one in particular seems like a good fit especially for my members that will understand this one nicely. If you know the waves you can grow the gains with confidence and conviction. Check out this video and see how the trade plays out. If you find the knowledge useful, you may want to consider learning how to use AriasWave to identify these setups yourself. These setups are happening all over the place, right now it is hard for me to keep up with the demand for this knowledge. Here on this channel I provide you with the Cryptos that I feel have the most potential for some good gains with low risk. Try not to get attached to specific projects if you want to make money, instead try to find opportunities that make money. There will be a time when HODLing your favorite coins will be a great idea but that time is not now. We are in a bear market and all we are doing is trading bear market rallies. Enjoy the ride. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
Snx/USDT Long📈Waited 3 hours for confirmation😴 Previous important support and resistance zones: ***s1: 2.552 ***s2: 2.500 ***r1:2.486 ***r2:2.749 Conditions for long: 1.Descending triangle breakout 2.trendline breakout 3.momentum indicator trendline breakout 4.support from previous support and resistance zone***s2 and ***r1 6.Money flow index turned green from red 7.volatility has increased 8.di+ is above the di- Stoploss: 1.below the previous support and resistance zones of ***r1: 2.486 Take profit: 1.price is likely to reach ***r2: 2.749 resistance zone if not we will exit with a reversal/exit point with no loss Reversal point/exit point: 1.will be updated later in the comments box
Long
by TrueUrBoss
4
SNX possible short - Cryptoz18█ Operation Information I expect a small downward momentum from SNX, mainly because it already had a momentum long before the existing one in the blockchain, so I think it will not be able to scale its value any further. █ Operation data • Entry price: 2.715 • StopLoss: 2.759 (Loss 1.62%) • TakeProfit Minimum: 2.672 (Win 1.58%) • Recommended margin: 5% of the Futures account • Recommended leverage: 1x. • Temporality: 15Min - 4H ✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit. In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance. Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes. This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile. █ Global data to take into account Bitcoin is currently in an uptrend in 4H. However, a lot of bearish orders trying to keep it below the 20500 prices. The daily trend is in play, take your precautions. █ Warning ✔️ Cryptocurrency operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trading ideas publicly for the viewer to do their own analysis and decide to enter based on their own decision-making. The viewer is recommended to have good risk management in their operations. For this, take into account fundamental data from the Volume of the asset, Marketcap, Supply, Percentage change price, Current Volatility, Perpetual Data and finally, proper Margin and Leverage management Be careful, you can lose all your money in the future if you have poor risk management. Nothing more to say thank you very much.
Short
by Hi244me