Hi dear friends, hope you are well and welcome to the new trade setup of SONM ( BEP-20 ) ( SNM ) with US Dollar pair.
On a 4-hr time frame, SNM has formed a bullish Gartley move for another price reversal.
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
HELLO GUYS THIS MY IDEA ABOUT SNM USD is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the buyers from this area will be defend this Long position...
and when the price come back to this area, strong Buyer will be push Up the market again...
Support from the past + Strong volume area is my mainly reason for this...
SNM/BTC
SNM bounces off right at the 200 Day MA and golden Fib 0.618 level. If SNM can hold this level for at least a week, there is a high chance of strong accumulation build-up to break this pattern to the upside.
200D MA will act as dynamic support in the coming days and this is the key area we must watch.
SNM/BTC
SNM broke outside the trend-line resistance but currently testing the 200 Day MA as strong resistance too.
If SNM closes above 200 MA on the daily. There is a high probability of short term reversal to move the price higher up to 230 sats area.
We will have to revisit this coin after a few days if SNM will be accepted above 150 sats regions.
