Trading Signals for $SNX

Action: Sell
Entry Range: Current Price
SL: $2.315
TP: 5%-25%

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🚨 Note: Trade at your own risk; this signal is not guaranteed. DYOR.

Synthetix (SNX) is currently priced at $2.26, experiencing a 12.27% gain in the last 24 hours. With a market cap of $767.26M and a 24-hour trading volume of $74.61M (representing 9.72% of market cap), it is seeing significant trading activity, which could indicate an overbought condition.

Technical Outlook: SNX's price is nearing short-term resistance at $2.30. A corrective pullback is expected as traders lock in profits.
Stop Loss (SL): Set at $2.315, just above resistance, to manage risk.
Take Profit (TP): A range of 5%-25% reflects potential downside, aligning with the broader crypto market trends.