SNX Looking READY for Liftoff #SynthetixOn the daily charts I noticed that it appears that SNX could be forming one of the largest bull flags I've ever seen. This is not trading advice, but I'm personally long on SNX since it has yet to mark up and return to it's ATH this cycle leaving plenty of potential for gains. It's very possible that it could consolidate to gain momentum for a little longer, but eventually, SNX is going to melt faces. Additionally, Sythentix Network is an awesome project with plenty of support on the fundamental level.
Best of luck on your trades and please don't risk anything you can't afford to lose (especially your sanity).
SNXUSDT
SNXUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 18 - 21 - 23
after first target reached move ur stop to breakeven
stop: ~9.7 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
Good luck everyone!
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It's not financial advice.
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SNX vs USDEntry at 9,50
Stop at 9,20
Target 15$
Target 1 20$
Target 2 27$
Target 3 83$
We are just forming a Cross on the Stochastic RSI following with a higher low on the RSI and a higher low in price
This trade I'm using a extremely tight SL on just 4%
SNX beautiful reason to 🚀🚀 🤑🤑SNX as begin a new uptrend.
Reason
For every upswing, it first HH(Higher High) forms a Support level for it next Upswing. You can notice in the image above
And here is how: T1's high( resistance level ) forms T2's low( support level )
T2's high( resistance level ) forms T3's low( support level )
and finally
T3's high( resistance level ) forms T4's low( support level ) but if it doesn't form its sure to bounce in between T2 and T3 high.
But be always be sure to wait for a retest, for every trade you take.
Remember your risk management. Finally Goodluck in your trade.
SNX HereFor about 150 days, the Snx was priced between $ 7 and $ 14 and is returning to the support level.
It is also in the long-term channel.
I think we can wait for the order volume around the price of 7.4 - 8.4
If supported, it can move towards the target of 10-13-17 and +25
Breaking the $ 7 level could also be the beginning of a downtrend
SNX/USDT Trade Setup. Expecting 40% growth!!!SNX broke above the falling wedge, and currently, it is at the retest zone. Expecting a good profit of 30% to 40% from the entry-level.
Entry: $9.832 to $10.102
Stop Loss: $9.04
Targets:
$11.16
$11.94
$12.78
$13.05
Accumulate the dip to average your entry.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.