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SNXUSDT trade ideas

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
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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
SNX/USDT | 1W 👀Surprisingly, despite the bearish market and the lack of capital and liquidity, the volumes are growing very strongly, allowing the platform to develop. The entry point also turned out to be less than ideal, but I did not average down the position within the bearish trend. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of Synthetix. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Synthetix #Investment #SNX
by Nyskohuz
SNX/USDT Bullish move from Key Support? 🚀 Synthetix💎 Paradisers, brace yourselves for a promising trading moment with #SNXUSDT, as it's strategically placed at a crucial support zone, signaling a potential bullish shift. 💎 Delving into #Synthetix path, it's on an upward trajectory from the significant support mark of $3.530. Holding steady at this level suggests a high chance for a bullish breakout. Keep an eye on the immediate target, the resistance at $3.713, where surpassing it could steer the price towards $4.438. 💎 Should the momentum for #SNX begin to fade, we're poised for a bullish comeback from the solid foundation at $3.364. Yet, dropping below this critical level could denote a move towards a bearish landscape.
Long
by MyCryptoParadise_Simon
SNX/USDT upward momentum from key support? 👀 🚀 SNX 💎 Paradisers, focus on #SNXUSDT, showcasing signs of bullish momentum from its support zone. 💎 #Synthetix recently hit a bump at $4.178, causing a minor pullback. Yet, as it approaches a former resistance now turned support at $3.875, staying strong at this level could boost its chances for a bullish push towards and potentially beyond the resistance once again. 💎 The dynamic crypto market demands strategy flexibility. Should NYSE:SNX struggle at this vital support, shifting gears might be necessary. Ready for a bounce back from the significant support at $6.327, but beware, slipping below this essential marker may signal a deeper bearish shift.
Long
by MyCryptoParadise