SNX - hold setupNext coin with strong fundament.
Entry price 4 - 6,8 USD
Target 16 USD and more
Stoploss - daily candle close below 1,7 USD
SNXUSDT.P trade ideas
SNX 1D Global chart and liquid zones for buy and sellSynthetix is a decentralized finance (DeFi) protocol, the network of which was launched at the end of 2017.
However, the price of the SNX token was able to shoot only in 2020, when the hype around DEX exchanges and DeFi projects rose on the crypto market.
Now the price of SNXUSDT is approaching the critical level of $12.60 from where a downward correction may begin.
An important task for buyers is to keep the price above the $7-7.60 zone . In this case, there will be all conditions for continued growth to $16.
If the bulwark of buyers' protection in the $7 region does not withstand the invasion of sellers, then the continuation of the fall to the $4 region will become quite real.
However, if you narrow down the chart presented, you will see a long history of trades in the SNXUSD pair. The chart clearly shows that even a theoretically possible price drop to $4 will still look like consolidation in the upper part of the global chart and will not carry anything critical for long-term investors.
Short and medium-term speculators need to be vigilant, use stops in trading, and pay special attention to the liquid areas that we have highlighted on the chart.
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Synthetix Probably Started The Third WaveWelcome! SNXUSDT has been showing good growth dynamics in recent days. This growth is probably part of the nascent wave (3). To be completely sure that we are facing wave (3), the price needs to break through the corrective channel and gain a foothold above $28.81.
The third wave usually extends, so I expect to see it again this time with a rapid growth during the year.
Perhaps the time is coming for synthetic assets in the crypto space.
Daily of my other chart!!the daily and weekly(link below) both pointing to next big move. now we just need $BTCUSD to start the next phase of bull cycle!!!
LONG SNXBullish divergence occurring on 4H and daily structure. I really like failed swing patterns where SNX shorters tried to take the price down to sweep the lows and it quickly recovers all downside. The 4H structure just looks imminent for a breakout of the POC.
These setups feel pretty comfy:
Strong downtrend into HTF nodes, bullish divergence, last daily candle relatively tight move, and the next daily candle engulfs it with a supporting wick.
LONGED @ $8.35, willing to add more at $7.89 if overall crypto looks ready for a move back into higher range.
Targets are:
$11.9
$13.8
An Important Low Has Formed.The wick has tagged the bottom of our fork and is an obvious C wave this is typically when you want to begin scaling in buys imo.
SNXUSDTReality Check:
Investing/Trading is a Zero-Sum Game and based on the greater fools theory if you are not buying dividends. You buy because you seek a profit,** just like the person who sold the stock to you** - the equity stock market and the real world are not correlated to each other but a believed correlation there of.
Once understood, there is more value in knowing how your competitors/other market participants think and act. It's only logical to then track the big players and or the crowd when they are accumulating and distributing.
Risk Management, the reason you stayed **in the Game** is a Minus Sum Game, more than 60% at minimum lose money investing/trading. Having a 10% Loss takes a 12.5% Profit to go breakeven, a 90% Loss takes a 900% Profit to go breakeven.
Risk Management Principles:
1) Assume being wrong until proven correct
2) Add on to Winners, BUT treat them as individual positions
Imp. Metrics:
1) Action/Inaction Ratio for Research = The shorter the Timeframe the less research you make to not miss out, the longer the timeframe the longer the timeframe
2) The more you investigate, the less you have to invest
3) There is never an easy time to make a tough decision
SNX to 10.387Hello Guys,
SNS wrote off 81% from 15th December. Since that day snx had the same volume as the day before when BTC hits ALL TIME HIGH.
SNX have been at this place with the strong support volume on days about 15th December.
When BTC going up to 38850 - SNX probably hit target around 10.389
SNXUSDT - Breaking outHello everyone!
SNX on the watch as it's trying to break the downtrend channel
SNX/USDT ♥Unfortunately, the site has hidden all my charts .
But keep going and Never give up ...
Buy ZONE : 12 - 8
TP : The chart will be updated But At least : 22
She is ready to BlowWeekly RSI, check!
Daily RSI. check!
30min candle, check!
I think you should hit the button.
🆓Synthetix (SNX) May-24 #SNX $SNXSNX is recovering from the 12$ zone, and is heading to 18$ and 24$ zone in June. But if it loses this 12$ zone again, it will have a big fall to 10$ or 8$ in early June
📈BUY
-Buy: 11.7-12.3$. SL if B
📉SELL
-Sell: 17.6-18.4$. SL if A
-Sell: 23.5-24.5$. SL if A
♻️BACK-UP
-Sell: 11.7-12.3$ if B. SL if A
-Buy: 9.7-10.3$ if A. SL if B
-Buy: 7.8-8.2$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
IF U ASKED ME ... SNX IS THE STRONGEST RIGHT NOW !look on the week candle how it bounced back up. 63% up !!
despite all of the bearish corrections we got, it managed to go up again.
we r looking for a weekly close above the first support.
if first support were broken I will buy on the second one a small bag there.
if we hadn't broke any support we will test $28 resistance straight way.
DONT LEVERAGE OR OPEN FUTURE !!
