Status (SNT) Long Scenario

SWING TRADING STRATEGY

SNT / BTC is in strong uptrend, but the yearly resistence is so hard to break, SNT has been 3 times to breaking the resistence but fail for 1 year.

The bull need a bigger volume to break the resistence, the price is supported by EMA 21 and FIBO 0.618 if it breaks the support, next target to accumate the pair is around 264

as we can see from volume profile, SNT is accumulated by trader and investor between 236 until 301.This is good entry buy if you want to follow the trend

Buy Entry : 264 - 315
Target 1 : 397
Target 2 : 446
Target 3 : 507
Stop Loss : 230

You can entry more than 1 for your safety, don't put eggs in 1 bag