Synthetix has been ranging between the current support of $2.95 and $3.60
I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply
Confluence:
1. Fibonacci golden pocket area
2. Value area low of the fixed range
3. Possible Trapped short traders
4. Failed aution on a TPO (Time Price Opportunity) chart
5. Bullish divergence on the 15m (Vumanchu cipher b)
Not Financial advice. DYOR. Papertrade before using real money.
If you like this idea, please comment, give a thumbs up and follow for more ideas like these.
Safe trading guys!
Shawn
I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply
Confluence:
1. Fibonacci golden pocket area
2. Value area low of the fixed range
3. Possible Trapped short traders
4. Failed aution on a TPO (Time Price Opportunity) chart
5. Bullish divergence on the 15m (Vumanchu cipher b)
Not Financial advice. DYOR. Papertrade before using real money.
If you like this idea, please comment, give a thumbs up and follow for more ideas like these.
Safe trading guys!
Shawn
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