$SNX
Chart bullish, 7 month descending trendline broken, backtest done on the daily. ๐
๐ Current: $0.2559, retest of the line held at 0.20, price back above it
๐บ Line from the February 0.45 high rejected price five times, the break came in September and the pullback bounced on it
๐ Market cap: $146M, DeFi perps category, 99% below the $28 ATH
๐ Same setup as $UNI before +33%, DeFi blue chip breaking a long line at the base, projected path drawn to 1.00
๐ก๏ธ Stop-loss -20%, hold play, target 1.004, +505%
Breakout done plus backtest done equals timing to pump. Upbit delisting flushed the last sellers. ๐ฏ
๐ป #SNX #DeFi #CryptoTrading #TechnicalAnalysis
๐ Sharing personal opinions only
not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion
Chart bullish, 7 month descending trendline broken, backtest done on the daily. ๐
๐ Current: $0.2559, retest of the line held at 0.20, price back above it
๐บ Line from the February 0.45 high rejected price five times, the break came in September and the pullback bounced on it
๐ Market cap: $146M, DeFi perps category, 99% below the $28 ATH
๐ Same setup as $UNI before +33%, DeFi blue chip breaking a long line at the base, projected path drawn to 1.00
๐ก๏ธ Stop-loss -20%, hold play, target 1.004, +505%
Breakout done plus backtest done equals timing to pump. Upbit delisting flushed the last sellers. ๐ฏ
๐ป #SNX #DeFi #CryptoTrading #TechnicalAnalysis
๐ Sharing personal opinions only
not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion
