$SNX — BULLISH CHART SETUP 7-month descending trendline broken, followed by a successful daily backtest.
📍 Current: $0.2559
🔹 Retest zone around $0.20 held strong, with price reclaiming the broken trendline
🔺 The February $0.45 high created a key resistance line that rejected price multiple times before the September breakout
💎 Market Cap: ~$146M
📊 DeFi Perps category
📉 Still ~99% below the $28 ATH
📈 Similar technical structure to $UNI before its +33% move — long-term resistance broken near the base, with a potential path toward $1.00.
🎯 Target: $1.004
🛡️ Stop-Loss: -20%
📌 Potential upside: ~+505%
Breakout + successful backtest = a setup worth watching closely.
#SNX #DeFi #CryptoTrading #TechnicalAnalysis
⚠️ Personal market view only. Not financial advice or a recommendation to buy/sell. Crypto is highly risky. DYOR and manage your own risk. No coin promotion.
$SNX 👇
📍 Current: $0.2559
🔹 Retest zone around $0.20 held strong, with price reclaiming the broken trendline
🔺 The February $0.45 high created a key resistance line that rejected price multiple times before the September breakout
💎 Market Cap: ~$146M
📊 DeFi Perps category
📉 Still ~99% below the $28 ATH
📈 Similar technical structure to $UNI before its +33% move — long-term resistance broken near the base, with a potential path toward $1.00.
🎯 Target: $1.004
🛡️ Stop-Loss: -20%
📌 Potential upside: ~+505%
Breakout + successful backtest = a setup worth watching closely.
#SNX #DeFi #CryptoTrading #TechnicalAnalysis
⚠️ Personal market view only. Not financial advice or a recommendation to buy/sell. Crypto is highly risky. DYOR and manage your own risk. No coin promotion.
$SNX 👇
