RPubens

Is SNX the STRONGEST DeFi Project?

Long
KRAKEN:SNXUSD   SNX / USD
We might see SNX correcting to 0.5 or 0.618 of this bull leg before advancing to $24-35 which is 1.618 to 2.618 fib levels.

In my opinion SNX is primed to be the number 1. DeFi project just because investors can trade derivatives (multi-trillion to unknown overall market value, possibly quadrillion)

Remeber, current DeFi market cap is (ONLY) 33.2 Billion dollars. Recently, Mark Cuban who admitted he holds crypto said that DeFi is going to disrupt the whole financial space and market.

The rocket has been launched.

Comments

Nice work. Like to see an update on where you think this grows next.
Reply
Did have a candle close under that support line , looks like you will be correct.
Reply
Building a new base at 15. I dont think we're going back to 11.
Reply
RPubens TreyStar
@TreyStar, We've touched 11.5. Let's see if it's going to bounce from here.
Reply
Great chart. I'm a little new at this but learning - seems you've got decent entry positions for SNX between $14-15.50? Am I reading that correctly?
Reply
RPubens Stevo11171
@Stevo11171, Thanks. I invested in SNX when it was about $5.
Reply
Stevo11171 RPubens
@RPubens, Yes I bought a small amount in that region as well. Will keep for long term. Got some cash on the side I'm looking for a good entry now. I'm targetting $14-15 levels as support but not sure we dip back down there.
Reply
RPubens Stevo11171
@Stevo11171, $11 was a decent buy zone. Did you get it?
Reply
Stevo11171 RPubens
@RPubens, I did not get it all the way down at $11. I bought a traunch of SNX at $14.75 and then yesterday I bought again at 13.50. My first buy of SNX was above $15 so while I didn't catch the bottom all the way down at $11, I still feel pretty good about layering in my buys at lower levels.

I'm still a rookie at this so I try to be a little conservative in my buy zones since it's so hard to try and catch the bottom.

But thanks so much for following up! I'm feeling great about my SNX bags long term.
Reply
Stevo11171 Stevo11171
And what was really great about yesterday is I managed to add to my bags of SXP and RSR at great entry levels.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out