SNXUSDT trade ideas
What will happen to SNX?⚠️This is my opinion and is not a buy or sell signal⚠️
Hello dear traders, here we have two beautiful scenarios for snx
1- By breaking the 2.161 resistance (closing the candle above this resistance)
We can think about the long position. It would be better if it overlaps with the 26300 bitcoin break, which makes me more confident. It also breaks our trend line
2- The breaking of the support line of 1.995, which I know is more likely to happen because we had 6 encounters with the support, and the more encounters there is, the more likely it is to fail and such a weakness will hit. 6. We can see that it will hit.
Thank you very much for reading my opinion, be sure to tell me which one you agree with and share your point of view with us
🚨 Trade Update: SNX/USDT (5-10x)🚨 Trade Update: SNX/USDT (5-10x)
📈 Long Entry: 1.83 - 1.975
OTE (Optimal Trade Entry): 1.895
SL: 1.772
B/E Move: When it moves close to TP2
TPs:
Short Term: 1.995 - 2.02 - 2.04 - 2.07 - 2.10 - 2.14
Mid Term: 2.20 - 2.30 - 2.42 - 2.55 - 2.73 - 2.98
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
Bearish still continue | Short BiasWeekly Chart
BINANCE:SNXUSDT has in Triangle Pattern that sign for massive move is coming so just wait a breakout
Chart 4H TF
BINANCE:SNXUSDT is trading at 1.95x and in correction phase to resistance around 2.0
Observe that level before you trade
Wait for next move
SNXUSDTBINANCE:SNXUSDT SHORT
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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Good Signal for Long PositionWeekly Chart
BINANCE:SNXUSDT has tested and failed Head Shoulders Pattern so it's still in Triangle Pattern
We zoom out to daily chart
Now, it's trading at 2.31x and can be down more
I found a fair value gap (FVG) around 2.15 and this level is also a confluence zone by 0.618 Fib Re and 1.618 Fib Re
That's why I think SNX will bounce back with nearly 20% profitable
Wait and see what happen
What do you think, share it to me
BUY opportunity for SNX/USDTSNX shows signs of a bullish reversal based on the harmonic Gartley pattern. This pattern indicates a potential entry point for long positions if the price breaks above the resistance trendline level of 2.565 on the daily chart.
Entry: 2.565
Target 1: 3.5
Target 2: 3.7
SL: 2.39
LONG position, countertrend, SNXUSDT- Entry based on bullish engulfing
- Bearish momentum decreased
- SL 1 ATR from bottom green plane
Considering the fluctuation of this coin it is quite a low SL,
so I placed an alert on the lower (counter) trendline
- 1 target of 50% due to countertrend.
(there is a downward trend going on on the higher time frame)
➡️ LONG SNXUSDT
❇️ Entry: 2.490785
☑️ Target 1: 2.82
☑️ Target 2: runner
(depends - higher time frame is downtrend)
☑️ Target 3: none
☑️ Target 4: none
⛔️ Stoploss: 2.293283 -1ATR = 2.075 (=stop. Limit: 2.0725)
Synthetix Network token SNX price starts a difficult upward moveRecently, SNXUSDT price has finally managed to break out of a prolonged downtrend.
We assume that the current local price consolidation outside of the downtrend is coming to an end. And the SNX price may have quite a bit of growth ahead.
Take profit 1 - $3.55 (+25%)
Take profit 2 - $3.85 (+35%)
Take profit 3 - $4.40 (+55%)
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