SNX - SYNTHETIX - PRICE ACTION UPDATEJust a follow up video to the previous introduction to the AriasWave interpretation of SNX.
The previous count was only slightly off with critical support maintaining price action contained.
After quite a strange looking 1-2 pattern this eventually started exploding to the upside.
Needless to say it was another good pick amongst these times where good moves are hard to find... early.
The aim here is to try and get into these trades in a timely manner and AriasWave predicts the price action which allows it.
I have linked the previous SNX idea below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
SNXUSDT trade ideas
SNX - SYNTHETIX - Trade Setup Using AriasWaveI have been scanning though a bunch of tradable cryptos on Binance and looking for interesting setups.
This one in particular seems like a good fit especially for my members that will understand this one nicely.
If you know the waves you can grow the gains with confidence and conviction.
Check out this video and see how the trade plays out.
If you find the knowledge useful, you may want to consider learning how to use AriasWave to identify these setups yourself.
These setups are happening all over the place, right now it is hard for me to keep up with the demand for this knowledge.
Here on this channel I provide you with the Cryptos that I feel have the most potential for some good gains with low risk.
Try not to get attached to specific projects if you want to make money, instead try to find opportunities that make money.
There will be a time when HODLing your favorite coins will be a great idea but that time is not now.
We are in a bear market and all we are doing is trading bear market rallies.
Enjoy the ride.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
SNX - Potential Short - 1hr - Binance for BINANCE:SNXUSDTPERPTrade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORT
Entry: 2.674 (DCA trade)
Stop Loss: 1:1
Take Profit Targets: 2.588,2.489,2.470
Comments: move stop loss to break even once target 1 is hit. DCA entries below if stop loss is hit.
SNXUSDT | SETUPSNXUSDT has been trading under falling trendline resistance. The price has been holding the horizontal level of support. An effort by bulls can break falling trendline and create a strong bullish trend or maybe it will take some more time to build bullish momentum.
We are expecting price can approach to base support before breakout above falling trendline.The break below support will give control to bears.
Trade your levels accordingly.
08-07-2022 _ Short Term Bullish Idea _ SNXUSDT H108-07-2022 _ Short Term Bullish Idea _ SNXUSDT H1
1- Price action is bouncing from a strong support zone.
2- Bullish Engulfing Candle.
Therefor, as long as the support zone holds, my view remains Bullish.
Target 1 @ 2.668
Target 2 @ 2.780
Stoploss @ 2.476
Snx/USDT Long📈Waited 3 hours for confirmation😴
Previous important support and resistance zones:
***s1: 2.552
***s2: 2.500
***r1:2.486
***r2:2.749
Conditions for long:
1.Descending triangle breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.support from previous support and resistance zone***s2 and ***r1
6.Money flow index turned green from red
7.volatility has increased
8.di+ is above the di-
Stoploss:
1.below the previous support and resistance zones of ***r1: 2.486
Take profit:
1.price is likely to reach ***r2: 2.749 resistance zone if not we will exit with a reversal/exit point with no loss
Reversal point/exit point:
1.will be updated later in the comments box
SNX possible short - Cryptoz18█ Operation Information
I expect a small downward momentum from SNX, mainly because it already had a momentum long before the existing one in the blockchain, so I think it will not be able to scale its value any further.
█ Operation data
• Entry price: 2.715
• StopLoss: 2.759 (Loss 1.62%)
• TakeProfit Minimum: 2.672 (Win 1.58%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit.
In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance.
Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes.
This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile.
█ Global data to take into account
Bitcoin is currently in an uptrend in 4H. However, a lot of bearish orders trying to keep it below the 20500 prices. The daily trend is in play, take your precautions.
█ Warning
✔️ Cryptocurrency operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trading ideas publicly for the viewer to do their own analysis and decide to enter based on their own decision-making. The viewer is recommended to have good risk management in their operations. For this, take into account fundamental data from the Volume of the asset, Marketcap, Supply, Percentage change price, Current Volatility, Perpetual Data and finally, proper Margin and Leverage management Be careful, you can lose all your money in the future if you have poor risk management. Nothing more to say thank you very much.