SNX

Journal Entry #9.1 It is a waiting game indeed. following with a decent stoploss. The chart shows a breakdown with indicators moving down.

Pair: SNXUSDT.P BINANCE:SNXUSDT Algo: https://algoai.store Timeframe: 1H Strategy: Follow-through short on first confirmed AlgoAI short signal Thesis I’m trading with the trend shift, not guessing tops. Once AlgoAI fires a short on the 1-hour and the candle closes, I’ll look to join momentum on follow-through. I’ll only take the trade if price structure confirms (lower high or break/retest) and there’s at least 1.5–2.0R on the setup after placing a sane stop. Trigger & Entry Trigger: First 1H close that prints an AlgoAI Short (from algoai.store ). Entry: Preferred: Break & retest of the short-signal bar’s low; enter on rejection. Alternative: Market entry on the next candle open if spread/volatility is reasonable. Invalidation / Stop Choose the one that best fits your plan: Swing-based: Above the most recent lower high made before/at signal. ATR-based: Stop = entry + 1.2–1.5 × ATR(14, 1H) to account for SNX volatility. Signal-based: If AlgoAI flips back to long on 1H, close the short—no questions asked. Targets (scale-out) T1: 1.0R (move stop to breakeven if hit) T2: 2.0R T3 (runner): Trail above 1H lower highs or trail with 1.0× ATR Optional confluence targets: prior demand zones, 1H VWAP deviation bands, or daily pivot S1/S2. Trade Management Checklist 1H candle closed with AlgoAI short ✅ Lower-high or retest rejection confirms structure ✅ Room to at least 1.5–2.0R after stop placement ✅ No major news/earnings/listings in the next few hours ✅ Position size set for <1–2% account risk ✅ Extra Confluence (nice to have) 1H 50/200 EMA acting as resistance RSI failing to reclaim 50 after a bounce Volume expansion on the breakdown, lighter on pullback Alerts Set an alert on your AlgoAI script: Condition: AlgoAI — Short Signal (1H) Options: Once per bar close Message: “SNX 1H AlgoAI SHORT – wait for retest or next-bar entry per plan.” Notes & Risk This is a rules-based momentum short—no hero top-catching. If price immediately reclaims the signal candle’s high and holds above it, I’m out. As always, this is not financial advice; do your own research and risk management. #SNX #Crypto #AlgoAI #TrendFollowing #PriceAction #RiskFirst #TradingView

After months of compression, Synthetix (SNX) just delivered a breakout candle of unusual size. Price ripped from $0.60 lows to a $1.15 tag in a matter of sessions, shifting sentiment from dormancy to acceleration. The backdrop: •HTF resistance sits overhead at $1.20–1.35 — the last breakdown area. •A reclaim here on volume projects $1.80–2.00 as the expansion target. •Failure to sustain $0.95–1.00 retests risks dragging price back into $0.70–0.75. Momentum reads: •Open interest ballooned +30% in two days, but funding remains neutral. This isn’t yet the frothy late-stage push. •Spot CVD prints positive — confirming that the bid isn’t just leveraged fuel, but real inflow. •Short liquidations have been cleared into $1.15; fresh long liquidity now builds below $0.95. Market path: •Bullish: Pullback into $1.00–1.05 POC cluster holds → $1.20–1.35 retest, with room toward $1.80. •Bearish: Rejection at $1.20–1.22 sends price back to $1.05 or even the inefficiency gap at $0.90. Scalp Playbook: 🟢 Long setup: $1.00–1.05 entry, stop $0.88, targets $1.20 → $1.35 → $1.80. (~3.5:1 RR) 🔴 Short hedge: $1.18–1.22 entry, stop $1.30, targets $1.05 → $0.90. (~2.5:1 RR) Bottom line: SNX is no longer dormant — the expansion is real. Whether it becomes a sustainable cycle or burns out at $1.20 will depend on how the next retest resolves. ⚔️ Candle Craft | Signal. Structure. Execution.

SNX rank: 192 SNX coin previously showed strong movements and was at the center of hype, with a significant rise from the bottom to the top. If we stretch the Fibonacci retracement from the low to the high, we can see that the price came to the golden level 0.618, where the new accumulation zone started. Typically, major players start accumulating positions in the 0.3–0.5 zone, then activity intensifies around 0.5–0.618, and they usually don’t go beyond 0.786. However, safer entry levels are usually below 0.618. The chart shows two channels: Global channel — marked with multicolored lines. Descending channel — red and green lines, where: Red — selling zones; Green — accumulation zones. Additionally, I’ve added a channel drawn from the top through two key points, from which corrections occurred. This allows us to identify a potential strong bounce zone at $1.54. This is the same level where the previous accumulation took place before the sharp rise and where there was an intermediate high in December. Further movement will depend on how the price reacts to the 0.618 zone and the retention of key levels.

On July 20, the <0.75 SNX USDT trading pair has tested the level of $ 1,260 as of the moment and 75 %difference has been realized over 60 days and continues to test new prices. I wish you a pleasant expenses

Journal Entry #9 After a strong pump, SNX is cooling down. It has shown a bearish divergence Waiting for it to show further signs of weakness it still a waiting game. Posting it since its on my Watchlist.

#SNX is moving inside a symmetrical triangle on the daily chart. It has broken above the daily SMA50, and volume has increased recently, which is great. A breakout above the triangle resistance is approaching. If that happens, the potential targets are: 🎯 $0.849 🎯 $0.963 🎯 $1.076 🎯 $1.238 🎯 $1.445 ⚠️ Always remember to use a tight stop-loss and follow proper risk management.

SNX price keeps orbiting 0.66 — rallies fade near 0.70, dips hold 0.64. Let’s break down the levels before a real move shows up. High Timeframes (Weekly → 2D → 12H) – Weekly: Basing 0.58–0.75 after Q4’24 downtrend. Supply 0.72–0.78; demand 0.58–0.62. – 2D: Lower-highs since Aug, compressing under 0.70. Resistance 0.70–0.72, support 0.64–0.66 → 0.62–0.63. – 12H: Range 0.64–0.70. Close >0.70 → upside 0.72–0.75. Close <0.64 → 0.62–0.63, extension 0.60. Orderflow / Profile – POC ~0.660. – VAL 0.652–0.654, VAH 0.676–0.678. – Sellers leaning at VAH, buyers defend 0.64–0.65 → price stuck around POC. Derivatives – OI soft, funding ~0, CVD down. – Light liquidations. Inter-Market – BTC mid-range, DeFi mixed. SNX remains heavy until reclaim ≥0.70. Conclusion SNX price is stuck at 0.66. Above 0.70 = 0.72–0.75. Below 0.64 = slide to 0.62–0.63, bigger shelf at 0.58–0.62. 💡 Pro Tip: In tight ranges like this, grid bots turn chop into profits by automating buy-low/sell-high rotations until breakout. Candle Craft | Signal. Structure. Execution.

this idea so risky because of btc But that pattern very likely. this pattern exist on filecoin now but both of them risky. SNXUSDT good luck donate 0x3160989e145398a0281cff2a91e061be10ab4df9 Only send ETH/ERC20 to this address

Hello friends Given the growth we had, you can now see that the price ended the trend at the ceiling of a large candle and the sellers covered it with another large candle. Now we have a resistance area in the middle of this candle from which the price is expected to correct and move to the specified targets. *Trade safely with us*