Lot of great setups on the market now... lot of super bullish structures and SNX is one of them.PA and TA is pure bullish. Target red MA. GL. If you have any questions, let me know in comments.
NOT A FINANCIAL ADVICE + MANAGE YOUR RISK AND USE STOPLOSS
Hi dear friends, hope you are well and welcome to the new update on Synthetix ( SNX ) token with BTC pair.
On a daily time frame, SNX is about to complete the final leg of bullish BAT move.
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
SNX in a rising channel - reasonable entry available now - Invalidation not far below ~10%
Triggers for entry - rising with tomorrows CPI print - if in expected range - see BTC drag alts up.
Aiming to ride the channel upwards until next FOMC
Synthetix’s SNX token rose over 14% in the past 24 hours as developers said the protocol’s decentralized autonomous organization (DAO) had renewed a deal with liquidity provider Jump Crypto.
DAOs are entities that have no central leadership, and are owned and governed by their members. Their decisions are carried out by software rather than by human...
