💎Technical Analysis: Synthetix (SNX)
On the hourly chart of SNX, we see a breakout of the descending trendline – a classic signal to enter a buy!🔼
How to trade? 📈
▶️Enter right now after the breakout of the resistance line.
➡️There is a resistance level on the way, but we are targeting the next one – for a better profit/risk ratio.
⛔️Set the stop-loss below the nearest support level.
💵The profit/risk ratio looks very attractive – it’s worth the risk!
Conclusion: SNX shows a technically attractive picture for a short-term buy. 📈
$SNX
