Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today .
Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets.
We have various clues that BINANCE:SNXBTC can go higher by breaking the rising wedge on daily timeframe. Thing that make me bullish is the VPVR indicator, it shows a lot of trading volume on the level we are now, it usually means that it might act as support or resistance in long-term vision. Trade altcoins wisely in this period, because one strong move by Bitcoin you can lose 10-20% of your position, so always use stop loss to avoid that happening.
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!