#Synthetix $SNX #BullishAltcoins setup #LONG📈 🚀 #pumpimg +84% 🔥#HotTrends
📊 Time frame:
1M ↗️🟩▶️Breakdown of the LONG structure, figure W growth up to 8.28 $
1W↗️🟩▶️figure U height up to 7.5$
1D-12h↗️🟩 ▶️Breakdown of the LONG structure, growth to $6.941
Correction 6h↘️ 🟥▶️ , up to 4.231 $
✔️INPUT: 4.5- 3.0 ⛔️ MAX / SL -2.783
🤔 Rationale:
Foreign exchange reserves continue to fall, indicating easing selling pressure.
Net deposits on exchanges are low compared to the 7-day average. Smaller deposits can be interpreted as lower selling pressure.
🔸 Capital flows: decreased from -30,392.20 SNX in the last 7 days to -47,255.00 SNX, indicating a downward trend. The negative outflow trend, with outflows increasing from -30,392.20 SNX to -47,255.00 SNX over the past week, contrasts with the upward trend in SNX prices, suggesting a divergence in which price increases are occurring despite increasing declines in investment in the token.
📈Technical characteristics:
🔸 The RSI is trend neutral, suggesting a cautiously optimistic market mood, which is in line with the current trend of rising prices, indicating sustained buying pressure without immediate concerns about overbought.
Stochastic indicates a neutral condition when the current price is in a moderate position between the highest and lowest range of the last 2 weeks
🔥 Elimination heat map:
▶️Magnetic Zone: A concentration of liquidation levels in a certain price range can indicate that price is likely to move towards that zone.
⚠️ On-chain analysis
▶️Global money entry/exit * Shows all addresses that currently hold SNX.
▶️Large holders ↗️ 💚