🚀 $SNX
Bullish Breakout: Momentum Building! 🚀
The Synthetix ($SNX) chart is flashing major bullish signals! After a period of tight consolidation, we’ve just witnessed a strong impulsive move to the upside.
🔍 Technical Analysis
Structure Flip: Market structure has officially shifted to bullish on the lower timeframes.
Volume: Buyers stepped in aggressively at the breakout, confirming strong demand.
Outlook: As long as price holds above the previous resistance (now support), the path of least resistance is up.
📊 The Trade Setup (Long)
🎯 Entry Zone: 0.505 – 0.515
💰 Target 1 (TP1): 0.530
💰 Target 2 (TP2): 0.550
🛡️ Stop-Loss: 0.485
Risk Management: Always trade with a plan. A solid daily close above the entry zone confirms the continuation.
✍️ Analyst: Nabiha Noor
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