SNX testing the channel bottomIf it can get support from here, we can see a nice rise. It can be tried with a tight stop-loss. If it rises, I plan to sell half of the position at mid-channel resistance and the rest at 5. DYOR
SNXUSDT trade ideas
#SNXIn the 1-hour and 4-hour timeframes, there is a concentration in a corner, which can return to the specified supply area if the dynamic trigger line is broken. If the range of the blue line is broken, you can continue the correction up to the specified area, which can correct 100% of the previous wave.
USDT/SNX BYBIT LONG 2H usdt/snx bybit long.
This is a short term trade.
When taking profit, put stop-loss up to gain even if it were to fall down.
5x-10x leverage
SNX LONG usdt/snx bybit long.
This is a short term trade.
When taking profit, put stop-loss up to gain even if it were to fall down.
5x-10x leverage
SNX longSNX bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 4.95 is expected to happen.
SNX/USDT Break the key resistance area. Bullish Momentum??💎 SNX has significantly caught the market's attention, having recently achieved a notable milestone by breaking through a key resistance area, along with completing the Eve Adam Pattern. This pattern is typically recognized as a rounding bottom, indicative of a bullish trend.
💎 Presently, SNX is demonstrating a robust bounce during its retesting phase at what was previously resistance, now serving as support. This positive momentum suggests a probability continuation of its upward journey, with our next goal being a formidable resistance area.
💎 However, there is a concern: if SNX fails to maintain its upward trajectory and loses support upon returning to this area, it could signal a false breakout. Such a scenario would not bode well for SNX's future direction, possibly leading to a downward trend back towards the demand area.
💎 At the demand level, a strong rebound is essential for SNX. If it fails to show a significant recovery from this zone, there's a risk of further breakdown. This could lead SNX into a deeper bearish trend, potentially moving towards a stronger support area.
SNXSNX next target if it could close a ochl candle above resistant line
It's not a financial advice
Always DYOR
Synthetics Council voted to stop inflationSynthetics Council voted to stop inflation, and initial reactions seem to be good.
DeFi has yet to see a proper resurgence (other than INJ).
Other potential tickers (DYDX and GMX) mulling about.
nil other thoughts.
should see 5 & 6$ eventually.
SNXAfter breaking the long-term trend line, the price leaves the range box and moves towards the first target in the picture
#SNX/USDT#SNX
The price is trading in a large descending triangle and has been gaining bullish momentum recently
Supported by reversal triangle patterns
The price is now in the downtrend breach zone at
the current price of 2.37
With the first goal 3.27
Second goal 4.32
With oversold conditions
During the uptrend there may be some price correction
SNX 2024-2025 BULL RUN TARGET 100$SNX changed its inflation rate and will offer great multi chain amm, they will be new gem after TIA in this bull run.
SNXUSDT - BULLISH OUTLOOKSNXUSDT is displaying a compelling technical setup on the 1-hour timeframe, marked by a bullish divergence on the RSI, suggesting a potential reversal for a bullish trend. Here's a concise analysis and trade plan:
Entry: Consider entering a long position at $3.36
Stop Loss (SL): Set the stop loss at $3.17 to manage potential downside risk
Take-Profit Levels:
TP 1 @ 1:1 = $3.55
TP 2 @ 1:2 = $3.74
TP 3 @ 1:3 = $3.93
After achieving the first take-profit level, consider adjusting the stop loss to the entry point (breakeven) to protect the gains and mitigate further risk.
This trade plan is designed to take advantage of the identified bullish divergence on the RSI, anticipating a reversal in the bullish trend. Managing risk through a stop loss and implementing a breakeven strategy after the first take-profit level aligns with a prudent trading approach. As always, staying informed and adapting to market conditions is crucial for successful trading
SNX BullLooking at SNX as a bottom very shortly based on Tech EW, waiting for volume to kick in.. Divergence with RSI on HT
SNX/USDTThe market trend looks good, it looks like it will form a double bottom or maybe go down a little more and create a divergence.
Wait for confirmation to enter buy
what happens for snxi think it will go down to the 2.82$ range
and after that it goes up to the range 5.5$
we can see that the resistance is broken
SNX/USDT Long Trade Setup ⬆️Hello Everyone 🙋🏽♂️
RSI +Demand zone
🟠 EP 3.236
🔴 SL 3.051
🟢 TP1 3.434 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 3.617 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 3.803 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
SNX: Pullback in UptrendTrade setup : Bullish breakout from Channel Down pattern and above $2.27 (200-day moving average) confirmed bullish trend reversal to Uptrend. Price has reached and got rejected 3x at $3.75 resistance and pulled back, which could be an opportunity to get on the Uptrend. The nearest horizontal support areas are $3.40 and $3.00, which also line up with 23.60% and 38.20% Fibonacci Retracement Levels.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $3.40 (previous resistance), then $3.00. The nearest Resistance Zone is $3.75, then $4.40.
short SNXNYSE:SNX broke through the support level and the ascending trendline. Decline to support level at $2.79 is expected to happen
🌟📈 SNX Token's Potential Upswing 🚀🔍💥 SNX Breaks Out of Accumulation Box: The Synthetix (SNX) token, in its weekly timeframe, has recently exited its accumulation box, observed in the past two weekly candles. However, the primary uptrend hasn't kicked off yet due to the overall market conditions and resistance from Bitcoin and Total 2.
📊 Range Boundaries Broken: Previously, SNX was trading within a range of $1.850 to $3.206. It has now breached this range, indicating potential for further movement.
📈 Bullish Outlook with Targets: If the market trends upward, SNX could be a lucrative coin in the next bullish wave. The initial target is set at $4.264, but I personally aim for a $7.5 target in my trades.
🔝 Volume Confirmation: The increase in volume during its upward movement confirms the positive trend.
🚦 Caution Advised: Don't rush to buy until clear signs of market movement reappear. A deep correction in Bitcoin could push SNX back into the range box.
🕒 Timeframe for Entry: Utilize 1-day and 4-hour timeframes for better entry points.
⚠️ Stop Loss Tip: Avoid setting a tight stop loss to prevent getting stopped out by minor fluctuations.
🔑 Related Categories:
1.Trend Analysis
2.Support and Resistance
3.Volume Analysis
📣 Share your thoughts on SNX's future! 🌐💬 #SNX #CryptoAnalysis #TradeCityPro
What Is Synthetix (SNX)?
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
📚 Remember: Financial markets are unpredictable. Always do your research and invest wisely! 🧠💼
SNX doesn't show signs of weaknessSynthetix is not showing any kind of weakness, so we could expect it to start retracing in rectangle box i drawed starting from 5.00 price zone
SNX - 3.723 - 4.40 - 5.5 BULLISH!Hello guys. Hive a nice day.
Today we will talk about token SNX. I think its good token for invest in short term with high profitability.
We hit first target but we have two more.
1)3.723 - Done✅
2)4.440 - Waiting 🕘
3)5.5 - Waiting 🕘
Have a nice day.
SNX/USDT Long Trade Setup ⬆️Hello Everyone 🙋🏽♂️
FVG + Nadaraya Watson
🟠 EP 3.367
🔴 SL 3.202
🟢 TP1 3.534 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 3.699 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 3.861 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
