🎯 TP1: $0.247250 (+6.67%) │ TP2: $0.253281 (+9.27%)
🛑 SL: $0.212272 (-8.42%) │ R/R: 1 : 1.1
⚠️ SL is placed beyond recent candle wicks to reduce the risk of accidental stop-outs
FUNDAMENTAL BACKGROUND
SNX is trading without its own catalysts, following the overall improvement in crypto market sentiment. The Fear & Greed Index has risen from 38 to 62 over the week, indicating increased risk appetite. After the liquidation of BTC and ETH shorts, altcoins—including SNX—have gained support. The macroeconomic backdrop remains neutral, with no significant releases expected in the coming days.
TECHNICAL PICTURE
ADX 26.0 confirms a strong trend with buyer dominance. The price is holding firmly above EMA 20 ($0.23) and EMA 50 ($0.22), reinforcing the bullish scenario. VWAP at $0.22 acts as dynamic support. The current price of $0.2318 is in the middle of the weekly range ($0.1883–$0.2524), leaving room for upside.
PROBABILITY MODEL
The probability of the uptrend continuing is 44%, flat movement 20%, and reversal 36%. The model estimates 75% confidence in the scenario, considering the combination of technical factors and market flows.
DIRECTION
🟢 BUY — strong ADX trend and holding above key EMAs support upward momentum.
🛑 SL: $0.212272 (-8.42%) │ R/R: 1 : 1.1
⚠️ SL is placed beyond recent candle wicks to reduce the risk of accidental stop-outs
FUNDAMENTAL BACKGROUND
SNX is trading without its own catalysts, following the overall improvement in crypto market sentiment. The Fear & Greed Index has risen from 38 to 62 over the week, indicating increased risk appetite. After the liquidation of BTC and ETH shorts, altcoins—including SNX—have gained support. The macroeconomic backdrop remains neutral, with no significant releases expected in the coming days.
TECHNICAL PICTURE
ADX 26.0 confirms a strong trend with buyer dominance. The price is holding firmly above EMA 20 ($0.23) and EMA 50 ($0.22), reinforcing the bullish scenario. VWAP at $0.22 acts as dynamic support. The current price of $0.2318 is in the middle of the weekly range ($0.1883–$0.2524), leaving room for upside.
PROBABILITY MODEL
The probability of the uptrend continuing is 44%, flat movement 20%, and reversal 36%. The model estimates 75% confidence in the scenario, considering the combination of technical factors and market flows.
DIRECTION
🟢 BUY — strong ADX trend and holding above key EMAs support upward momentum.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.