SNX/USDT planning bullish move? 👀 🚀 Synthetix Today analysis
Updated
💎Paradisers, SNXUSDT is currently showcasing a noteworthy pattern, having retested its resistance level and now positioned within a demand zone, indicating a potential for a bullish trajectory.
💎 In the past, Synthetix has adhered to a descending trendline, breaking above it to initiate an ascent and retesting a resistance level. Presently, it finds itself back in a demand zone, and the prospects of it embarking on a bullish path from here are strong.
💎 The immediate target appears to be the resistance at 2.532, with the subsequent aim to overcome the bearish Order Block.
💎 However, should the price of #SNX dip below the demand zone, there's no need for alarm, but it does increase the likelihood of a retest at the support level. It's crucial to approach this with a strategic mindset.
💎 In the past, Synthetix has adhered to a descending trendline, breaking above it to initiate an ascent and retesting a resistance level. Presently, it finds itself back in a demand zone, and the prospects of it embarking on a bullish path from here are strong.
💎 The immediate target appears to be the resistance at 2.532, with the subsequent aim to overcome the bearish Order Block.
💎 However, should the price of #SNX dip below the demand zone, there's no need for alarm, but it does increase the likelihood of a retest at the support level. It's crucial to approach this with a strategic mindset.
Trade closed: target reached
💎 Just like clockwork, #SNXUSDT is tracing our forecast, hitting that sweet 52.84% growth markNote
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