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UnknownUnicorn10064030
Jan 28, 2022 4:19 PM

SNX/USDT - Potential 180% Setup Long

Synthetix Network Token / USDFTX

Description

Hello Traders!

SNX underwent a full business cycle, the price corrected to 2020 values.

The price found support near the level of $3.62 and the asset is in the accumulation phase.

We can observe for purchases in the range of $3.62 - $4.10 and hold the position based on the correction of downward movement to the main selling zone of $11.50 - $13.50

It is reasonable to close the position using stop-loss if the price goes under $3.28

The targets will be the following price levels
$7,35
$9,28
$11,50

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice
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