SNX / TetherUSLong
SNX/USDT possible bounce with 1:5 risk reward
SNX has entered its bearish trend breaking some important support zones.
At the moment I expect it to bounce up to $9 and complete 'M' pattern.
A good trade could be taken on trend line breakout.
We see how price will react to first resistance at around $7.2.
Mid/Long term I don't see it breaking its ATH, to me the best 'bullish' scenario is being in a range for couple of months.
The worst that could happen - going for new ATLs (all time low).
Please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)
At the moment I expect it to bounce up to $9 and complete 'M' pattern.
A good trade could be taken on trend line breakout.
We see how price will react to first resistance at around $7.2.
Mid/Long term I don't see it breaking its ATH, to me the best 'bullish' scenario is being in a range for couple of months.
The worst that could happen - going for new ATLs (all time low).
Please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.