Although lower timeframe presents a lower high, this is a very speculative long based on:
Support from a 2W high
Using Binance Funding and Premium Index as a leading indicator
Importantly, DXY not pumping
I'm going to go through all the major DeFi Crypto offerings over the next little while. Calling it "In Depth Defi". Instead of "In DepthFi". Still unsure on that one. If you like it, enjoy, and feel free to leave a like. If you dislike it, also leave a like, just aggressively click the button. I'll be able to tell the difference.
Synthetix started as a...
Synthetix Network (SNX) has been one of the most profitable investments this year. However, the token is now facing a bearish outlook.
Recap: The Synthetix project is among the largest exchanges in decentralized finance. They have partnered with ChainLink to bring information about asset prices to blockchain without the need of a central party. Synthetix allows...
SNX is approaching strong resistance from both a long-term trend line and the psychological strong resistance of $5.
Knoxville divergence is also showing up on the hourly chart.
If the wedge can breakdown, I think we will see a larger move to the downside.
at this time, SNX will be short to 4$ area, after that 4$ area could perfect for long to 6.5$
let's see what's happens?
plz share & comment your opinion here.
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268) SNXUSDT - Long - Target 17.11%
Enter- 4.477
TP1- 4.804
TP2- 5.243
SL- 3.975
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.
