TradingView
NickTheGreatStockTrader
Feb 12, 2021 1:27 AM

SNXUSD Technical Analysis (Symmetrical Triangle) Long

Synthetix / United States DollarCoinbase

Description

Introduction
Hello trading-view! I'm making an idea on SNXUSD which I think will go to around 30$. It is just hitting my entry point and has broken out of the upper trend line of the symmetrical triangle.
==============================================
Technical Analysis
As I said above, SNXUSD has broken to the upside of it's triangle pattern, and is headed for a 14% increase in price. Here is the rest of the information concerning the trade:

Entry: 26.96264
Stop-loss: 25.97693 (3.82%)
Target: 30.70$ (13.89%)
Risk to Reward: 3.64
==============================================
Final thoughts
I hope this trade turns out good, and all my other trade's do as well. Good luck and Great trading everyone! I think this is my last post for the day but who knows? (Links down below to past successful ideas) (Very short post, but I can't think of much else to write at the moment, especially at this hour).

*not financial advice

Trade closed: stop reached

You win some you lose some...the stop-loss hit, and the trade is closed.
Comments
burgercrisis
Awkward that it could be going up just after the stop loss... the stop loss could have been an entry point... Did you stop loss all or do you still have snx?
cryptobullethbtcxlm
@burgercrisis, i just bought, btc correction was coming, btc and eth now sideways this weeks which gives room for the alts; i see pumps for SNX, LINK, DOT & 1INCH (1inch very undervalued)
NickTheGreatStockTrader
@burgercrisis, I sold all, since it hit my stop-loss. If anything hits my stop-loss I immediately get out of the trade.
burgercrisis
@NickTheGreatStockTrader, Buy back in yet?
NickTheGreatStockTrader
@burgercrisis, if you see an buy opportunity get in... if you can't find a pattern, or don't have an indicator that's giving you a long signal, don't buy it. Wait until you have a good reason to buy backed by technical analysis, with a predetermined target, entry, and stop-loss, before doing anything.
More