Significant moves by BINANCE:SNXUSDT driven by protocol decision to end token inflation - However after passing through heavy long term resistance band (Blue box) failed to take next resistance level...
Since then has been in a conjoining wedge - as fails to make headway in either direction -
How I'm trading this:
1) Watch to see declining volumes on a...
With SNXUSDT currently at $3.805, positive indicators suggest a potential upward surge. Key trends in moving averages and RSI point to favorable conditions, hinting at an upcoming bullish movement. 📈 #SNXUSDT #UpwardTrend
💎 Paradisers, let’s zoom in on #SNXUSDT as it’s exhibiting a pivotal market behavior. SNX is currently nestled in a demand zone, poised for another assault on a key resistance area.
💎 #SNX recently faced a setback at the resistance level of $4.964. Presently, it's regaining strength in the demand zone. If it can maintain this upward momentum, we could see an...
On 4h TF
I see a pullback with low volume reaching up to range 4.1 - 4.3
I think this range is potential short zone
So wait for reject at this range
Time will tell
Keep your trading simple 🚀🚀🚀
Long SNX 30Min trend continuation trade.
First target: 1:1
Exit: Trend reversal/stop
Not a financial advice just my tradingview - trade smart trade safe.
Follow me to support my work, Thanks!
🔥SNX is the top gainer and grow for 2 months straight. Now the chart shows that SNX doesn't have enough power for the futher growth. Only the breakout of the channel and test it as the support will confirms the bull power.
Possible that price can fall to the middle of the channel. I think that it will be a good entry point in long. You need to pay attention on...
If it can get support from here, we can see a nice rise. It can be tried with a tight stop-loss. If it rises, I plan to sell half of the position at mid-channel resistance and the rest at 5. DYOR
In the 1-hour and 4-hour timeframes, there is a concentration in a corner, which can return to the specified supply area if the dynamic trigger line is broken. If the range of the blue line is broken, you can continue the correction up to the specified area, which can correct 100% of the previous wave.
💎 SNX has significantly caught the market's attention, having recently achieved a notable milestone by breaking through a key resistance area, along with completing the Eve Adam Pattern. This pattern is typically recognized as a rounding bottom, indicative of a bullish trend.
💎 Presently, SNX is demonstrating a robust bounce during its retesting phase at what was...
Synthetics Council voted to stop inflation, and initial reactions seem to be good.
DeFi has yet to see a proper resurgence (other than INJ).
Other potential tickers (DYDX and GMX) mulling about.
nil other thoughts.
should see 5 & 6$ eventually.
