I'm looking at a bullish trade for SNXUSDT. My buy limit entry is at $2.36, with a stop loss at $2.16 to limit potential losses. My profit target is $2.55, giving us a 1:1 risk-reward ratio. This analysis is on the 4-hour chart.
The bullish signal comes from a pattern of higher highs and higher lows, showing that buyers are in charge and the uptrend is expected to continue. I've also seen a fast-moving average cross over a slower one, adding to the bullish outlook.
Disclaimer:
Trading is risky, and this analysis is for information, not financial advice. Be cautious and consider doing your own research before making any trading decisions
The bullish signal comes from a pattern of higher highs and higher lows, showing that buyers are in charge and the uptrend is expected to continue. I've also seen a fast-moving average cross over a slower one, adding to the bullish outlook.
Disclaimer:
Trading is risky, and this analysis is for information, not financial advice. Be cautious and consider doing your own research before making any trading decisions