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SNXUSDT trade ideas

SNX/USDT Breakout Alert! Upward Momentum ???💎 SNX has certainly drawn our attention with its breakout from the Descending channel, underscored by significant volume and an impressive upward movement. Presently, SNX finds itself at a pivotal juncture, necessitating a breach of the resistance to maintain its bullish momentum. 💎 Facing potential rejection at this resistance zone, and considering SNX is in a retesting phase on the resistance trendline of the Descending Channel, specifically within the demand range of $2.11 - $2.05, there's a possibility for a slight pullback to solidify the recent expansive gains. Yet, if it triumphs over the immediate resistance, SNX is poised for a smooth climb towards further supply levels and potentially the bearish OB zone. 💎 Amidst this retesting phase, it's crucial for SNX to demonstrate resilience, either by rebounding or showing a rejection pattern, to continue its endeavor to breach the resistance barrier and establish a stronghold above. 💎 Failure to do so could spell trouble, leading SNX to a vulnerable position at the lower demand level, and potentially triggering a further descent towards the critical support area.
by MyCryptoParadise
SNX LOOKS BEARISH (12H TF)From where I placed the red arrow, our diamatic seems to have started. We seem to be in wave e now. Wave e looks like a flat pattern. The red range is where we look for sell/short positions. I have specified the targets on the chart. When we reach the first target, save some profit and then change the stop to entry I also specified the invalidation level, closing 1 daily candle above this level will violate the analysis Comment if you have any questions Thank You
Short
by behdark
7
SNX Ready For a Potential Correction? Synthetix Analysis 💎Paradisers, focus on SNX/USDT! It's currently oscillating within a defined trading zone and is gearing up for a potential downward shift. 💎If this breakout materializes as anticipated, brace yourselves for a rapid corrective phase. 💎The dual confirmed order blocks on the shorter time frame are worth noticing. These areas are likely landing spots for the SNX, given the liquidity concentrated there. 💎Looking back at historical movements, we observed a shift from demand to supply, leading to a notable decline in Synthetix Price and zeroing in on the prior Order Block (OB). 💎In the fast-paced world of crypto, staying alert and adaptable is of the essence. Keep your charts up-to-date and stay tuned for more insights!
Short
by MyCryptoParadise_Simon
2
SNX/USDT bullish scenario? 👀 🚀 Synthetix Today Analysis💎 Paradisers,heads up! A thrilling opportunity is emerging with #SNXUSDT as it is currently positioned in a demand zone and is gearing up for a bullish trajectory. 💎 After a prolonged period, SNX has regained bullish momentum, steadfastly holding strong support at $1.884. It is highly probable that the price will mitigate above supply, achieving our target -1 in this process. 💎 Upon meticulous examination of Synthetix, we've noticed a previous shift where demand turned into supply, leading to a substantial downward movement in its price. Above, there is a major supply zone, and we anticipate the price will mitigate that level shortly. 💎 If you're contemplating trading, ensure to employ a proper stop loss and trade with prudence. Stay tuned for more insightful analyses!
Long
by MyCryptoParadise_Simon
See the previous analysisIt is possible to identify high profits with simple attitudes, but will your spirit be ready to accept such cases? Look at this analysis and trade with the view of self-knowledge and self-improvement. Not the technical ones ( In the second Pegah from 1403 to the east of Bangor, in the fifth Pegah from 1404 to the west of Bangor. God loves you, he loves you a lot, and he will never leave you alone except in difficult tests, leave your mind free from lies, insults, threats, and theft (literary and financial theft), then you will see me )
by johnwick1372888
2
SNX: Approaching SupportTrade setup : Following a bullish breakout from Channel Down pattern, price reached our target of $3.40 resistance. Price has now pulled back, broke below support at 200-day MA (~$2.40) and reached $2.00 support zone which could be a swing entry, albeit higher risk trade setup since overall trend is still down. That level held up in May and March. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $2.00, then $1.60. The nearest Resistance Zone is $3.05, then $3.40.
Long
by altFINS
SNX/USDT keeping eyes opened hereHey traders👋 Overall gameplay is clear here so we are waiting for the price to reach our "pink" zone in order to take a potential long position! If we see a struggle there and weakness then we will have to postpone the trade! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
2
SNX ANALYSIS (4H TF)After hitting the red box above, which is an order block, it was rejected towards the bottom. I have marked another red box below, which is the new place to open sell/short positions. From the lower red box, we can move towards the targets to complete the waves. I also specified the invalidation level For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3