๐จ SNX IS SHOWING STRENGTH! ๐๐
SNX has broken above its recent downtrend and is showing a stronger market structure.
๐ THE SETUP
Buyers are currently trying to hold the key level around $1.69. If this area continues to hold, the next resistance zones could come into focus.
๐ฏ KEY LEVELS
Resistance: $1.98
Next Resistance: $2.37
Key Level: $1.69
Support: $1.49
Major Support: $0.97
A rejection from resistance could bring a pullback, so confirmation and risk management remain important.
๐ฌ WHAT'S YOUR VIEW?
๐ข BULLISH ๐
๐ก SIDEWAYS ๐ค
๐ด BEARISH ๐ป
Drop your thoughts below! ๐
#SNX #Synthetix #Crypto #Altcoins #MarketUpdate #ShanCryptoPlus
SNX has broken above its recent downtrend and is showing a stronger market structure.
๐ THE SETUP
Buyers are currently trying to hold the key level around $1.69. If this area continues to hold, the next resistance zones could come into focus.
๐ฏ KEY LEVELS
Resistance: $1.98
Next Resistance: $2.37
Key Level: $1.69
Support: $1.49
Major Support: $0.97
A rejection from resistance could bring a pullback, so confirmation and risk management remain important.
๐ฌ WHAT'S YOUR VIEW?
๐ข BULLISH ๐
๐ก SIDEWAYS ๐ค
๐ด BEARISH ๐ป
Drop your thoughts below! ๐
#SNX #Synthetix #Crypto #Altcoins #MarketUpdate #ShanCryptoPlus