📈 Trade Setup Analysis (SNX/USDT – 1D, Binance)
Pattern / Price Action:
The chart shows SNX/USDT breaking out with a significant single-day gain of +14.20%, closing at 0.732. The price has moved above all key moving averages (MA 7: 0.689, MA 25: 0.659, MA 99: 0.653), indicating a strong bullish shift in momentum. The move is supported by substantial volume (SMA 9: 7.425M), which confirms genuine buying interest and strengthens the breakout signal. This suggests a potential end to a consolidation phase and the start of a new upward trend.
🎯 Suggested Trade Plan
Entry Zone: Around 0.733 USDT (current market sell price).
Stop-Loss (SL): Set at 0.680 USDT (below the MA 7 and the recent low of 0.634, providing a buffer).
Target Levels (TP):
TP1: 0.780 USDT (initial resistance)
TP2: 0.850 USDT (psychological resistance level)
TP3: 0.920 USDT (extended target based on breakout projection)
⚖️ Risk-to-Reward Ratio (RRR)
Entry: 0.733
Stop-Loss: 0.680 → risk = 0.053
TP1 (0.780): reward = 0.047 → RRR ≈ 0.89 : 1
TP2 (0.850): reward = 0.117 → RRR ≈ 2.21 : 1
TP3 (0.920): reward = 0.187 → RRR ≈ 3.53 : 1
📊 Probability of Success
Bullish Factors: Strong daily close with high volume, price above all key MAs indicating bullish alignment, and a clear breakout from previous ranges.
Risks: The single-day pump might be overextended, leading to a short-term pullback for retest of support levels. General market volatility could impact momentum.
👉 Estimated Probability:
70% chance of hitting TP1.
50% chance of reaching TP2.
35% chance of achieving TP3.
✅ Summary:
This is a bullish breakout trade following a strong volume-supported price surge. Suggested stop-loss at 0.680 USDT, with upside targets at 0.780 → 0.850 → 0.920. The risk-to-reward ratio is most favorable for TP2 and TP3. Given the strong close and volume confirmation, the probability of success is good for the first target, but caution is advised due to potential pullbacks.