LONG SNX / bouncing off of POC support
Stop: 3.572
Profit Target 1: 6.133 / move stop to BE
Profit Target 2: Trail with a multiple of Lower Time Frame ATR
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Synthetix is a decentralized synthetic asset platform that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. These synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on Synthetix Exchange without liquidity limitations. Previously, this project was launched as Havven (HAV), a decentralized stablecoin protocol. The published white paper still refers to the previous project, Havven.
Stop: 3.572
Profit Target 1: 6.133 / move stop to BE
Profit Target 2: Trail with a multiple of Lower Time Frame ATR
=============================================================
Synthetix is a decentralized synthetic asset platform that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. These synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on Synthetix Exchange without liquidity limitations. Previously, this project was launched as Havven (HAV), a decentralized stablecoin protocol. The published white paper still refers to the previous project, Havven.
Trade active:
took profits on 1/2 - moved stop to break even / trailing with 4 hr atr
Trade closed: target reached:
taking profits on the remainder of the position. + over 70% in a few weeks.