$SNX current price is around 2.130:
Idea 1: Breakout Trade
* Target Price: 2.274 (24h High)
* Sell Price: 2.106 (24h Low)
Strategy:
* Entry: Buy SNX/USDT if it breaks above the 24h high of 2.274.
* Target: Set a take-profit order at 2.274.
* Stop-Loss: Place a stop-loss order below the 24h low of 2.106 to limit potential losses.
Idea 2: Reversal Trade (if the price is currently below 2.130)
* Target Price: 2.130 (Current Price)
* Sell Price: 2.094 (Lowest Price in the Chart)
Strategy:
* Entry: Buy SNX/USDT if it shows signs of a reversal pattern (e.g., bullish candlestick patterns, RSI oversold).
* Target: Set a take-profit order at 2.130.
* Stop-Loss: Place a stop-loss order below the lowest price in the chart (2.094).
Additional Considerations:
* Timeframe: The chart doesn't specify the timeframe, so adjust your strategy accordingly. Shorter timeframes (e.g., 15m, 1h) will require more frequent monitoring and potentially smaller stop-losses.
* Risk Management: Always use appropriate risk management techniques, such as setting stop-loss orders and diversifying your portfolio.
* Market Conditions: Keep an eye on broader market conditions and news that could impact the price of SNX/USDT.
Remember: Trading involves risks. Please do your own research and consider your risk tolerance before making any trading decisions.
Let me know if you would like a more detailed analysis of specific technical indicators or patterns visible in the chart.