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SNX / TetherUS

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SNXUSDT trade ideas

SNX - Watch for support holdI like SNX here at support. We saw a break down ( i saw a few ideas of longs last week ) at this stage not sure WHY. There was nothing showing a long set up. Now we're nearing support its a good idea to keep an eye on some Alts at support because could be good long term buying opportunity's for the next bull-run. 1 - my eye on $2:05. 2 - or a big sell off below 2:05 to trigger liquidations and than holding above support, great buying entry. or a break below 2:03 and close. - Could mean better buying opportunities at $1:60 range. Key note: Patience is key don't just buy at support like every other retailer in history.
by BBALBISS
SNX/USDT Technical Analysis: Bullish Long-Term Outlook with 200%SNX/USDT Technical Analysis: Bullish Long-Term Outlook with 200% Upside Potential The SNX/USDT pair has confirmed a breakout in the high time frame (HTF), indicating a bullish outlook for the long term. As of writing, the price is trading around HKEX:3 , with the breakout level at $2.70 and a retest level at $2.25. This technical analysis aims to provide insights into potential price movements and actionable trading strategies based on the chart. Technical Analysis The SNX/USDT chart suggests an upward move is likely to continue before experiencing some retracement. The breakout level has already been confirmed, and the price has retraced to the retest level, indicating a strong support zone. The long-term trendline has also been broken, further supporting a bullish outlook. Targets and Stop Loss Based on the chart, the potential targets for the SNX/USDT pair are $3.40, $4.50, HKEX:6 , and $7.30. However, it is important to note that a strict risk management strategy must be in place, with a stop loss set below $2.50 to mitigate potential losses. Takeaways The SNX/USDT pair has confirmed a breakout in the HTF, indicating a bullish outlook for the long term. The chart suggests an upward move is likely to continue before experiencing some retracement, with potential targets at $3.40, $4.50, HKEX:6 , and $7.30. A strict risk management strategy must be in place, with a stop loss set below $2.50 to mitigate potential losses. Conclusion In conclusion, the SNX/USDT pair presents a bullish long-term outlook, with a potential 200% upside from the breakout level. However, it is important to note that this is not financial advice, and investors must conduct their own research before investing in any coins. Follow us for more quality content. Thank you
Long
by CryptoPatel
2
SNXUSDT is testing the 4h resistance Synthetix Network Token (SNX) has recently bounced from the 0.618 Fibonacci level, which is a significant level of support. The price has also broken out from its dynamic resistance on the 4-hour timeframe, indicating a potential bullish move. Currently, the price is testing a resistance level, which could act as a barrier for the price to move higher. If the price manages to break above the 2.8 area and confirm the new uptrend, according to Plancton's rules, a new long position could be taken. It's crucial to monitor the volume and momentum indicators to confirm the breakout and avoid false signals. Additionally, traders should consider the risk-reward ratio before making any trading decisions and use a stop-loss order to manage the risk. Overall, SNXUSDT's recent price action suggests a potential bullish move, but traders should wait for the confirmation of the breakout and consider the overall market conditions before making any trading decisions. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
6
SNXUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 3.6 - 4.5 - 5.3 after first target reached move ur stop to breakeven Stop: ~2 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive