2026-02-27 12:41:48

💎 Technical Analysis: Synthetix ($SNX )

Market Capitalization: $126M.

The SNX chart shows slow, sluggish price action with no clear directional bias a classic calm before the storm.

🟡 These periods of compression frequently precede sharp, decisive moves.

How to trade it❔

💬 On a break above the nearest swing high go long. Place the stop-loss behind the most recent swing low, and set the take-profit just ahead of the nearest resistance level above.

💬 If price breaks support to the downside mirror the approach: enter on candle close beyond the level, stop behind the nearest swing high, target just ahead of the historical support level below.

💬 Important: Don't wait too long for the perfect entry when volatility spikes, price moves fast. The risk/reward ratio looks attractive in both scenarios.

Conclusion:
SNX is in waiting mode, but patterns like this deliver clean setups with solid R/R. Watch for the breakout and act decisively.

📈 Open a trade on $SNX ‌🔗 Chat • X • JioCoinsX

SNX-3.71%

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