Market insights
SNX's bullish situationBINANCE:SNXUSDT
what is better than an already broken falling wedge!
The expected resistance and targets are shown on the chart!
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SNX|USDT 1 Hour Timeframe Distribution Setup Leaving a massive liquidity in the bottom is too scary to go long. So finally market take the previous re-distribution liquidity with very low volume that is suspicious. And now I like to see price is backing down to this liquidity and then we go for long safely.
Right Now we must look for a Spring and then make a short position until it grabs all the buying limit orders.
SNXUSDT UPDATESNXUSDT is a cryptocurrency trading at $1.865. Its target price is $3.000, indicating a potential 60%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about SNXUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. SNXUSDT is poised for a potential breakout and substantial gains.
Good Opportunity to buy The chart look good if you want to enter with a good Risk Reward ratio. As you you can see, the yellow horizontal line represent the point of interest and we touched that line and had a reaction. Then if you look at the pattern from the 30min chart we see a fake out and a retest of the support.
When you look at the USDT.D Chart we see a clean breakout of the bear support line and this morning we did a retest of that line.
BTC.D seems to have made a lower High and is currently trending on the downside on the lower time frame.
Final; you look at the chart I just posted; we see a CHOCH on the lower time frame, market likes to do that to grab some liquidity and fool trader.
There you go, when you get many confirmations like that you set it and forget it. if it fail when you can't be bothered cause you did you duty as a trader.
SNX in clear Distribution Phase on 1 Hour Short EntrySNX on 1 Day timeframe in Accumulation process and in order to catch the low price this is an opportunity. Today at 1 hour timeframe a clear distribution phase is loaded now and to complete the 1 Day Accumulation phase so now we have an entry chance over the distribution phase of 1 hour. Short Entry towards higher timeframe cycle.
SNXUSDT trading opportunitySNX/USDT is trading within a potential descending channel, with a dynamic trendline influencing the pace of the trend. The price has recently broken above the trendline and pulled back to retest it, aligning with the channel’s bottom boundary.
The subsequent bounce suggests a strong bottom, indicating the potential for further upward movement, likely testing the channel's upper boundary. The plain is to re-accumulate within the buy-back zone and target the mid-term resistance level for profit-taking.
Feedback on this setup is welcome to refine the analysis further.
SNX LongThe Accumulation Phase (2023-2024) is marked on the chart, showing a period of consolidation where price moves within a range. This phase indicates that buyers and sellers are reaching equilibrium, setting up a strong foundation for future price movement.
The Demand Zone (2025) is represented by the blue dashed area, a key level of support where price could experience a bounce. This zone is crucial as it could offer an entry point for long trades before a potential breakout.
The chart projects a Bullish Breakout (2025 and beyond) , where the price is expected to rise significantly after the accumulation phase.
Potential Target: The price is projected to rise significantly after the breakout, potentially reaching targets as high as $16 based on the breakout from the demand zone.
Overall Outlook: The chart suggests a well-planned accumulation phase with a likely bullish breakout in 2025. Keep an eye on the demand area for potential entries and watch for upward momentum as price breaks above key resistance levels.
A huge Short Squeeze is brewing I recently DCA a long position in SNX, a layer 2 crypto, as I believe ETH will pop to all time high. This position has been struggling more vs my others longs because the selling pressure is heavier. Once the robots get the flow, the squeeze will be big. I notice a big CHOCH on the downside; those CHOCH without continuation if often a big liquidity grab. Patience is Key.
#SNX/USDT#SNX
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 2.16
Entry price 2.20
First target 2.24
Second target 2.31
Third target 2.40
#SNX/USDT
#SNX
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $2.50 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 2.60
First goal 3.26
The second goal is 3.60
The third goal is 4.20
SNXUSDT Signals Bullish Move AheadSNXUSDT Technical analysis update
BINANCE:SNXUSDT has been ranging at the bottom for the last 120 days. The price has now broken out above the resistance line with high volume and is trading above the 100 EMA, signaling a bullish trend. This breakout indicates the potential for a strong bullish move in the coming days.
Buy zone : Below $1.77
Stop loss : $1.50
Take Profit 1: $1.99
Take Profit 2: $2.40
Take Profit 3: $3.30
Thank You
Hexa🧘♀️






















