Trading Plan Short $SYN
$SYN just rejected 0.1879 EMA21, pushing into BB lower band.
Entry: $0.1824-$0.1869
Stoploss: $0.1980
Targets: $0.1790 / $0.1650 / $0.1500
SYN failed EMA21 retest after yesterday's dump. Price now hugging BB lower band. 1H/4H strong bear trend. Retail is heavily short, but top traders are long. This is a clear distribution setup. OI slightly dropping. Fade any bounce into $0.1890. Reclaim $0.1980, short voided.
Trade $SYN here 👇
$SYN just rejected 0.1879 EMA21, pushing into BB lower band.
Entry: $0.1824-$0.1869
Stoploss: $0.1980
Targets: $0.1790 / $0.1650 / $0.1500
SYN failed EMA21 retest after yesterday's dump. Price now hugging BB lower band. 1H/4H strong bear trend. Retail is heavily short, but top traders are long. This is a clear distribution setup. OI slightly dropping. Fade any bounce into $0.1890. Reclaim $0.1980, short voided.
Trade $SYN here 👇