SNXBTC trade ideas
SNXBTC_Daily Let it cross up the 51,500 Satoshi for risk averse investors; then enter!
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Price : 49,934 Sat
Entry LVL: 50,000-51,500 Sat
Resistance Zone: 49,700-51,000 Sat
Expected Return: 20%
Reward/Risk: 1.4
TP_LVL I: 57,000 Sat
TP_LVL II: 61,500 Sat
SL: 42,000 Sat
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$SNX/BTC 90m (Binance Spot) Falling wedge breakoutSynthetix Network broke bullish of that falling wedge, the idea is to catch it on a possible pull-back.
Also, 100EMA seems to be acting as support now, that's why entry zone is down there!
Current Price= 0.0004010
Buy Entry= 0.0003915 - 0.0003813
Take Profit= 0.0004074 | 0.0004341 | 0.0004540
Stop Loss= 0.0003653
Risk/Reward= 1:1 | 1:2.26 | 1:3.2
Expected Profit= +5.43% | +12.34% | +17.49%
Possible Loss= -5.46%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 120h
$SNX Synthetix Quick Analysis Overview ( @synthetix_io )Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today .
Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets.
We have various clues that BINANCE:SNXBTC can go higher by breaking the rising wedge on daily timeframe.
Thing that make me bullish is the VPVR indicator, it shows a lot of trading volume on the level we are now, it usually means that it might act as support or resistance in long-term vision.
Trade altcoins wisely in this period, because one strong move by Bitcoin you can lose 10-20% of your position, so always use stop loss to avoid that happening.
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
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This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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#SNXBTC (Mid Term) 12/20 #SNXBTC (Mid Term)
Buy : 0.00032520 - 0.00029349
Target 1: 0.00034196
Target 2: 0.00037398
Target 3: 0.00043902
Target 4: 0.00055284
Stoploss: 0.00028757
Signal R/R: 7% / 70%
Net ROI : 30.5%
Invest / Position Size : 3%
Exchange : Binance
Duration: 7-30 days
Confidence in Trade : undefined
we ask Allah reconcile and repay.