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Long $SNX
๐ฐ Current price: $0.257844
๐ Entry range: $0.2440 ~ $0.2578
๐ฏ Take profit: $0.2780 / $0.3002 / $0.3246
๐ Stop loss: $0.2318
Logic
SNX is a long-established derivative-focused DeFi sector asset. It is the native token of the Synthetix synthetic asset protocol, which consolidates sideways for a long time to build up strength at low levels. The contract structure is initiating: monthly timeframe buildup and pressure accumulation; stronger ignition of the contract; OI is divided into 100.
5m OI -0.1%, 1h OI +5.7%, 6h OI +17.2%, 24h OI +11.9%, 30d OI +24.9%.
Fees are neutral, liquidity is not crowded; a relay of volume momentum over 6 hours, with trading value at 5.3M.
After a rise in 30-day OI, the price has not fully dispersed yet. Wait for a pullback to verify that OI does not collapse, while trading value continues to relay momentum.
๐ฐ Current price: $0.257844
๐ Entry range: $0.2440 ~ $0.2578
๐ฏ Take profit: $0.2780 / $0.3002 / $0.3246
๐ Stop loss: $0.2318
Logic
SNX is a long-established derivative-focused DeFi sector asset. It is the native token of the Synthetix synthetic asset protocol, which consolidates sideways for a long time to build up strength at low levels. The contract structure is initiating: monthly timeframe buildup and pressure accumulation; stronger ignition of the contract; OI is divided into 100.
5m OI -0.1%, 1h OI +5.7%, 6h OI +17.2%, 24h OI +11.9%, 30d OI +24.9%.
Fees are neutral, liquidity is not crowded; a relay of volume momentum over 6 hours, with trading value at 5.3M.
After a rise in 30-day OI, the price has not fully dispersed yet. Wait for a pullback to verify that OI does not collapse, while trading value continues to relay momentum.
