Hi dear patrons, hope you are well and welcome to the new update on Synthetix (SNX) token.
On a daily time frame chart, the price action of SNX has formed the final leg of the bullish Shark pattern.
Buying and sell targets for Shark move:
Buy between: $16.21 to $14.50
Sell between: $17.79 to $21.27
Stop loss:
The maximum extent of the potential reversal zone to $14.50 can be used as a stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 46.5%, and the high loss possibility up to 11%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On a daily time frame chart, the price action of SNX has formed the final leg of the bullish Shark pattern.
Buying and sell targets for Shark move:
Buy between: $16.21 to $14.50
Sell between: $17.79 to $21.27
Stop loss:
The maximum extent of the potential reversal zone to $14.50 can be used as a stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 46.5%, and the high loss possibility up to 11%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.