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SNX / TetherUS

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SNXUSDT trade ideas

SNX - a sleeping giantFor those who don't chase what is hot in the now. And want to accumulate what has strong fundamentals and a good value proposition to make a run later in this cycle. I suggest doing a deeper dive into Synthetix and all its ecosystem has to offer. Under a billion FDV as of publishing (883M) - the fundamental utility of holding SNX allows the holder to mint SUSD at will = Creating digital dollars has always been one of the best fundamental usecases of Defi. Top it off with the strong possibility of an Infinex airdrop, the latest and innovative hybrid CeX/DeX built by many of the same team as the Synthetix creators. Strong ecosystem, fundamentals, and prospective airdrop, I believe SNX is in deep value, accumulation range right now. Fibonacci retracement is very accurate in dictating levels of resistance and possible take profit strategies.
Long
by Bigglesmac
SNX ANALYSIS🔮 #SNX Analysis - Breakout Trading 🌟🚀 #SNX was trading in a Bearish Pennant Pattern in weekly time frame and breakout the pattern. But due to Middle East tautness the price dropped heavily. Now we get another chance for entry, Middle East tensions cause more correction than our expectations and right now testing solid support☑️ Expecting Higher High Soon still Expecting 3-4x Bullish Wave In coming days 💲💲 🔖 Current Price: $2.941 ⏳ Target Price:   $6.459 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits💸 #SNX  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
Synthetix (SNX) Primed for Bullish Surge After Decisive BreakoutFollowing a period of consolidation, SNX decisively broke above its established support at $3.00. This bullish move comes after several attempts by sellers to push the price lower, all of which were met by strong buying pressure. This sustained buying pressure suggests a significant shift in sentiment among investors, who are now turning increasingly bullish on SNX. The first major resistance level for SNX at $7.40. A successful reclaim of this level would provide further confirmation of the bullish trend and could pave the way for a continued ascent toward the second resistance level at $13.80. Key Levels to Watch: Resistance 1: $7.40 Resistance 2: $13.80 Support: $3.00
Long
by Z4F4R
SNXUSDT (D) 121 Pattern The information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and advice givers. It should not be interpreted as a recommendation to buy or sell any investment instrument or a promise of return. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.
Long
by AliHikmetHarun
🚀 SNX: A Crypto Marvel Unveils Its Potential! 🌐💎Greetings Crypto Enthusiasts! 👋 SNX, a true gem in the crypto cosmos, shines brightly with a market cap of 958M. 📊 SNX Essentials: Market Cap: 958M Circulation Supply: 304,391,280 SNX Total Supply: 328,193,104 SNX TVL : 647M ⚖️ Chart Analysis: Accumulation Unfolding: Witness the grand accumulation depicted by the dark green rectangle and a smaller, already conquered one (light green rectangle). A potential retest might linger until the yellow trend line. Brace for the skyward journey upon the breakout from the larger accumulation. ⚡️ Trading Strategy: Timing is Everything: Recognize the market's correction mood. This is a weekly chart, demanding a patient stance – could be a day, could be months. Strategic Alerts: Set alarms at 2.61 - 2.00 - 1.45. Distribute your SNX funds into thirds, ready for action at these levels. 📈 Optimistic Outlook: While the current level may signal a reversal, patience is key. Hold off on buying here. Anticipate reaching the upper red level, with a realistic mindset. Golden Rules: DCA Always: A timeless strategy in crypto. DYOR (Do Your Own Research): Knowledge is paramount. No All-In: Navigate wisely; avoid going all in. 🚨 Disclaimer: This isn't financial advice but a friendly guide for strategic crypto exploration. Wishing you the best on your SNX adventure! 🚀🌟💰
by KarimMohsen
SNX/USDT upward momentum? 👀 Synthetix Today Analysis💎Paradisers, zoom in on #SNXUSDT, as it's showing clear signs of an impending major move from a critical demand level. 💎#Synthetix is currently on an upward swing, hinting at a bullish continuation. It's been tracking a descending channel pattern, consistently respecting the channel's resistance. We're anticipating a retest at the demand level of $3.091, which could set the stage for a continued upward momentum. A successful hold above this level for #SNX might open the path to a significant resistance zone at $4.769. 💎 However, should #SNX encounter obstacles in maintaining its position above the $3.091 threshold, a strategic recalibration may be required. In such a scenario, we would consider shifting our focus to a bullish ascent from a secondary demand level at $2.709. 💎 Monitoring this level is essential, as failing to sustain it could indicate a shift towards a more bearish trend in the #SNX market.
Long
by MyCryptoParadise_Simon
3
SNX/USDT in a Position for Exponential Rally? 👀🚀SNX Analysis💎Paradisers, gear up for a thrilling ride with #SNXUSDT! It's currently spotlighting a support zone, suggesting a bright bullish trajectory lies ahead. 💎Lately, tracing an ascending channel, #Synthetix is on a climb. Now, it's amassing momentum for a bullish leap from the $3.86 support zone, with ambitions to breach key resistance barriers. 💎If the bullish fervor persists, we foresee NYSE:SNX taking on the $4.9 resistance zone. Breaking through this barrier may set the stage for tackling even loftier resistance tiers. 💎Conversely, if #SNX meets resistance and momentum wanes, a bullish revival from the $3.05 support level could become pivotal. Dropping below this threshold might usher in a significant downturn.
Long
by MyCryptoParadise_Simon