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SNXUSDT trade ideas

🔥 SNX Potential Bull Flag Break OutSNX saw some incredible gains during January and February earlier this year. However, since it touched $28, SNX has seen a steady decline in value, hitting -55% from ATH at some point. Since hitting that -55% from ATH, SNX has seen a strong increase in value. Recent price action is strong enough to potentially produce a bull flag break out in the short term. Be aware of the current unpredictability of BTC. If BTC falls, so will SNX. I advise you to wait for a proper confirmation of the break out before entering a trade. Happy trading!
Long
by FieryTrading
21
SNXUSDT #SNXUSD #SNXBTC #SNXETH ://l00king stR0ngshe is looking stronger n stronger. SUSHI as well even AAVE all in all it does look like the market wants to pull back a bit esp with options etc contracts expiring this week. This is when we see over leveraged traders get the BTC that holds their leverage position get wiped out. This is what we called REKT or liquidated when 10x etc and see 5% or more quick dips in markets _the whole account will get closed. Or when u have lots of option contracts all expiring at the same time we will see people trying to get out, sway the market, u name it _ so they can make more, loose less or not get rekt on whatever leverage they into. In short, look for some volatility n buy ops. all in all unless day trading i would more look to buy any dips while not spreading to thin ( scalping is great and easy until its not_ with layer 2 n swaps getn cheaper this will become more n more tempting. Lol for uss smaller kats when we got a few hun position in some alt , its not easy to swap out when it will cost like 30 plus in eth gas fees but with swaps under 1usd on zkswap etc this is now possible again… just be careful _ if u don’t have the time to dedicate I strongly suggest with going with more the investor approach _ ie buying dips n cost averaging in etc with a semi clear plan to take profits down the road_ srry a bit of a ramble there). for us that means bring'n are 30 alt positions down to 20 then 10 then 5 while moving into mostly eth n some btc. the other thing to note is that the BTC dominance chart or BTC.D chart is dropping lower and lower even tho the market as a whole is going up. this means more money is flowing into alts n esp eth then btc at the m0oment. ETH.D chart just re tested a major resistance around 15 to 17% total market dominance while btc is in the lower 40% range. I believe it is time for eth... i just finished going back n forth with this DEV from the ecofi project and they keep changing their mind ie they wanted to start project on binance smart chain or BSC n migrate additional liquidity to eth side n do both or switch back to eth side completely then eco holders wanted to stay on BSC but the dev said there has been some issues. Binance smart chain now makes up 30 plus percent of crypto market cap keep in mind all the wrapped btc n eth etc etc combined with chinese government subsidizing this effort on many fronts mostly stable coins n we have some artaficial or non organic growth but in the end that is still money in crypto market cap. I want to touch on some of my favorite projects and why. ALGOrand is number one for us and should be one of the first alts u buy after u have ur btc n eth bags. This is a non custodial wallet _u control the keys n money and still get to earn crypto apy in algos just for keeping ur algos in the algo wallet. This will help verify network transactions so the apy changes depending on use but look for 15 to 20 plus percent. I WANT TO POINT OUT HOW RARE IT IS TO EARN APY ON TOKENS AND KEEP THEM SELF CUSTODIED _UNDER UR CONTROL N NO ONE ELSES…. BUY ALGO ON EXCHANGE OR WHEREVER SET UP ALGO WALLET THEN SEND ALGOS TO WALLET N UR DONE. Next is ADA or cardano. This guy is a serius ETH n in general if not on the ADA team just pretty much a hater. He looks like wozniake and helped launch n design OG etherum network with Vatilik._ For whatever reasons he left and started cardano. This reminds me of the whole apple Microsoft rivalry. In the end this man n team r well-funded plugged in and wicked smart. There has been more dev or programmer activity via get hub then any other blockchain besides the slave labor lol BSC done in last few months n eth but nonindependent and organic like this. Eth is the king here but we r seeing something long term n possibly special play out with ADA. You can buy ada and send to a Yoroi wallet and stake for 5 plus percent. Next is Celsius. This guy is richer then gods first cousin and hold patents for the swift credit card payment systems the world uses till this day. His moto is “un bank ur self” and is building a very special mentality and ecosystem on his platform. This is where we keep the majority of our eth n btc even usdc earns 10 to 15 percent. If I cant hold it in ur own wallet u control or self custody wallet _ this for us is the next best and safest option. Further down the list and harder to get _ need gate.io or whatever whoever lets u swap n thos of us in usa etc they try n make it tricky_tuff for us to play wit the fun stuff like FTX binnace the list goes on n on trustSWAP_ this guy n team just don’t stop. They love to adapt and build around the ecosystem and community _ ie filling and changing with the needs of the consumer. In crypto as we frantically build out I believe this is a touch that is being forgotten and will come back to hurt many many projects that refuse to adapt or brand or whatever to help with mainstream adoption. (It can be tuff telling my serious finance Wells Fargo Uncle to check out something called “sushi swap” lol srry another tangent smilez) this team revolutionized this space with a project incubator launch platform that aloud early swap suppoters who staked min amount to get into early quality properly veted projects and realize 1000 plus percent gains usually reserved for insiders and the strait up lucky. Before this you had to partner with some exchange to help you launch ur new token and project. Uniswap began and -planted the seeds for this to be possible as people supplied their own liquidity to earn swap fees. (the peoples tokens_money r the exchange_wall street bets get u some_cant wait till u all can wrap ur heads around that uniswap DAO mentality) they then streanghened the idea and platform for their peer to peer swaps (P2P) buy building an eco system and partnering with top ten exchange GATE.io they also just bought an app with 1.5 million current users, they r integrating this to their eceo system this week. Other mainstream n not so main stream projects we watching n hold some r VET ZKS DMST RAMP BLANK MATIC n others like AAVE MKR UNISWAP 1INCH SNX SUSHI BADGER STMX ECOfi (not ECOchain _both have ECO symbols) n others _HGM T3Am
by HustleGrindMomentum
1