Significant moves by
SNXUSDT
driven by protocol decision to end token inflation - However after passing through heavy long term resistance band (Blue box) failed to take next resistance level...
Since then has been in a conjoining wedge - as fails to make headway in either direction -
How I'm trading this:
1) Watch to see declining volumes on a flattening baseline -> then either play the breakout (medium risk - higher possible returns) - or assume a retest of trend and buy a few pips north of it....
SNXUSDT
driven by protocol decision to end token inflation - However after passing through heavy long term resistance band (Blue box) failed to take next resistance level... Since then has been in a conjoining wedge - as fails to make headway in either direction -
How I'm trading this:
1) Watch to see declining volumes on a flattening baseline -> then either play the breakout (medium risk - higher possible returns) - or assume a retest of trend and buy a few pips north of it....