$SNX
SNX/USDT Analysis: Potential Breakout Ahead! 🔥
SNX (Synthetix) is showing some very interesting price action on the 1-hour chart. If you are looking for a short-to-mid-term trade, pay close attention to these levels! 📊
Current Price: $0.423 🟢
Technical Breakdown:
Bollinger Bands: Price is currently holding strong above the Middle Band ($0.413). This indicates that the bulls are regaining control and eyeing the upper resistance at $0.430.
RSI (56): We are in the "Healthy Zone." Not overbought yet, which means there is plenty of room for the price to run upward before hitting a local ceiling.
KDJ Indicator: Seeing a bullish crossover! This often signals a short-term momentum shift to the upside. 📈
Support: Strong base formed around $0.393 - $0.413.
⚡ The Trade Setup (Signal):
Entry Zone: $0.420 - $0.425 (Market Price is good for a starter position).
Confirmation: A solid 1h candle close above $0.430 will likely trigger a fast move to the next targets.
Take Profit Targets: 1. 🎯 $0.445 (Immediate Resistance)
2. 🎯 $0.460 (Key Psychological Level)
3. 🚀 $0.485+ (Trend Extension)
Stop Loss (Safety): Below $0.395 (To protect your capital if the market shifts).
⚠️ Risk Management: Volume is currently moderate. Don't go "All-In"—use proper position sizing. Always DYOR (Do Your Own Research) before entering!
What’s your take? Is SNX heading to $0.50 this week? Let me know in the comments! 👇
#SNX #CryptoSignals #BinanceSquare #TechnicalAnalysis #AltcoinSeason #TradingTips