jalapablo

Synthetix: Wedge Redistribution

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jalapablo 已更新   
COINBASE:SNXUSD   Synthetix
SNX is one among many alts currently in redistribution patterns after Bitcoin's last pullback. Supply volume is entering in the vertical bars as the PA attempts to cut through microtrend support. Will it continue to pullback or will it correct back into the wedge, it remains to be seen. I still hold a bearish bias & I'm expecting an eventual mitigation at 1.50 USD as we retest that level. As I've told members in the group, now is the time to start DCAing in the alts you wish to hodl. These prices are incredible, but they won't be this low forever. The Fibonacci retracement levels can be used as a DCA guidepost as well as a profit target for shorts.

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交易結束:目標達成:
1.618% Fibonacci hit. Good job to all who traded. As always, patience wins the prize.

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