💎 Technical Analysis: Synthetix (
$SNX )
Market Capitalization: $126M.
The SNX chart shows slow, sluggish price action with no clear directional bias a classic calm before the storm.
🟡 These periods of compression frequently precede sharp, decisive moves.
How to trade it❔
💬 On a break above the nearest swing high go long. Place the stop-loss behind the most recent swing low, and set the take-profit just ahead of the nearest resistance level above.
💬 If price breaks support to the downside mirror the approach: enter on candle close beyond the level, stop behind the nearest swing high, targe