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SNX / TetherUS

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SNXUSDT trade ideas

LONG SNXBullish divergence occurring on 4H and daily structure. I really like failed swing patterns where SNX shorters tried to take the price down to sweep the lows and it quickly recovers all downside. The 4H structure just looks imminent for a breakout of the POC. These setups feel pretty comfy: Strong downtrend into HTF nodes, bullish divergence, last daily candle relatively tight move, and the next daily candle engulfs it with a supporting wick. LONGED @ $8.35, willing to add more at $7.89 if overall crypto looks ready for a move back into higher range. Targets are: $11.9 $13.8
Long
by khaoz346
SNXUSDTReality Check: Investing/Trading is a Zero-Sum Game and based on the greater fools theory if you are not buying dividends. You buy because you seek a profit,** just like the person who sold the stock to you** - the equity stock market and the real world are not correlated to each other but a believed correlation there of. Once understood, there is more value in knowing how your competitors/other market participants think and act. It's only logical to then track the big players and or the crowd when they are accumulating and distributing. Risk Management, the reason you stayed **in the Game** is a Minus Sum Game, more than 60% at minimum lose money investing/trading. Having a 10% Loss takes a 12.5% Profit to go breakeven, a 90% Loss takes a 900% Profit to go breakeven. Risk Management Principles: 1) Assume being wrong until proven correct 2) Add on to Winners, BUT treat them as individual positions Imp. Metrics: 1) Action/Inaction Ratio for Research = The shorter the Timeframe the less research you make to not miss out, the longer the timeframe the longer the timeframe 2) The more you investigate, the less you have to invest 3) There is never an easy time to make a tough decision
by UnknownUnicorn5507594
🆓Synthetix (SNX) May-24 #SNX $SNXSNX is recovering from the 12$ zone, and is heading to 18$ and 24$ zone in June. But if it loses this 12$ zone again, it will have a big fall to 10$ or 8$ in early June 📈BUY -Buy: 11.7-12.3$. SL if B 📉SELL -Sell: 17.6-18.4$. SL if A -Sell: 23.5-24.5$. SL if A ♻️BACK-UP -Sell: 11.7-12.3$ if B. SL if A -Buy: 9.7-10.3$ if A. SL if B -Buy: 7.8-8.2$ if A. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
SNX to new ATHSNX has been consolidating in this channel since mid February and now broke out on very high volume. High volume indicates that SNX will go higher and break the current ATH. Targets are : 29 (ATH) 39 (fib 1.618) 50 (psychological resistance) 55 (fib 2.618) Support is at 21-22, then 19 However, if bitcoin drops aggressively SNX's trend can be put on hold, don't forget to keep some USDT on the side. Any questions? Good luck traders Remember not to break your rules Habib
Long
by Habib0601