SNX breaking $3.80 - $3.90 resistence level, make it a support?!

23 במרץ 2022

The Synthetix Network has been trading sideways ( as have a lot of crypto currencies recently, but that had started to change for the better, and we all hope for a bull run that dwarfs the last one with all this new money now aware of the benefits of DeFi. Battling that is the ever present and constantly adapting scam artist who are coming up with some of the most clever scams I have seen to date. I mean, these are no, hey, just look for a very poor understanding og the English grammer rules, and you got em. These are professionals, and in most cases coders so the ability to produce a clone of a well known and respected, trusted website in the crypto community is just the beginiing, and that is scary enough. Anyway, if anyone wants to discuss that further and maybe a learn a way you can protect yourself, message me. My publication today has shown that [SNX] has broken out of the lower part of the consolidation channel bottoming out at the support level of $3.50, and topping out at around $4.30 with the resistance residing somewhere in the $3.80 - $3.90 range.....this is the line that SNX was just able to break through, and I think if it can maintain a close above the $4.91 close 3 or 4 days ago then I am hoping we can then turn that $4.80 - $4.90 to a new support as we work our way up in value . I often find channels like this, and the chart will show you where the support ranges are and you can usually hit 7 out of 10 at least just trading off of past support and resistance areas, especially KNOWN areas of support. Someone does not have to be a master to trader to make money or have more Ws than Ls....however, a person does have to have a #bigbag if they want to make a worthwhile profit off of a consolidation channel with what amounts to 80% (@ MAX which you will not see). As always, been trading for bout a year and a half and it is by far the most fun I have had studying something in my life. Psychology and Money, what could go wrong right? Well guys, happy trading and please, basics, basics, basics if you are new. After that go over them again, and do not bite off more than you can chew....these are just SOME OF MY MISTAKES, and they can have devastating consequences, trust me. Good luck guys, and just when you think "Crypto is too hard, or...there is no way our financial system is getting digitized"...I am here to tell you that it is inevitable so the quicker you start getting on board, and trying to learn, the farther you are going to be ahead of that person who, like me, saw BTC trading at $100 6 years ago and laughed at it, and also made fun of it in every way I possibly could.....I know there are people out there still "living under a rock" if you will, and scoffing at what is going on under their very noses because I speak to them everyday. They will be the ones getting taking advantage of when this whole system finally gets all the kinks smoothed out (has to be some). If you guys are on here then that means you are at least either seaking information (GOOD FOR YOU!) or just reading this meaningless jargon, and getting ready to blast me (IN THAT CASE, GOOD FOR YOU AS WELL), it is obvious both of you are active in the financial community, and as long as you stay in the know, you will be a lot better off than the not so proactive dickheads, peace and love guys, and do good business with each other, christ......

8 באפר׳ 2022

הערה

So sorry guys, a typo...supposed to say $4.80 - $4.90 in the title. Well we have been on a lovely extremely impulsive upward move not long after I posted this....My entry on this trade was 4.30/share and it is nice being in the plus, and evaluating as you move through the trade, but I like to have my exit planned. I just have a feeling that I believe in this one so much that I may lose a lot of what I had close to that $8.00 wick peak....I would have never gotten out up there, but if I suspected this much of a retrace then I probably would have been out not long after.....Now I figure, let see what this baby can do because as long as SNX can keep making that resistance support it...I am along for the ride on this one #DeFiFutureofFINANCE

3 ביוני 2022

הערה

SNX on sale ladies and gentleman! Crypto thrift shop babE! So most of our lovely digital assets have sunk to new ATLs or bounced off of their previous ATL......determine your bottom (base support), determine current trend and if downward....see just how much of a discount you can get (more than likely right around that base support you determined if it is correct, and get in there and wait for the exhaustion followed by a reversal, and enter your trade. Keep in mind to map not just the base support, but often if your base pocket of liquidity (support) is accurate, a fib retracement (make sure you are moving in the right direction) will give you a good idea of where areas of weak and strong resistance proven when the asset last moved through this price range. All that is needed is an accurate top and bottom price giving you your base price range of support....line your fib up on those two lines and you will be amazed at how the places that price bumps its head, and gets support will seem like it is magnetically drawn to the new lines placed by your fib....Hope that made sense, happy trading guys and please never stop studying, and learning....peace and love