Listen fam vertical move in a single session forces you to respect the volatility. 🌪️
$SYN is trading around 0.2009, up 149.57% on the day after ripping from 0.0779 to a 0.2179 peak. Volume is massive: 1.72B SYN and $265.67M in volume.
Key support sits at 0.1705 and 0.1253. Resistance is 0.2179, then 0.2609.
I'm biased LONG, but chasing this candle is madness. I'd wait for a pullback to 0.1705 before entering. First target 0.2179, second 0.2609. Invalidation below 0.1550.
If 0.1705 fails, $SYN likely flushes toward 0.1253. Let the market breathe. 🩸
$SYN is trading around 0.2009, up 149.57% on the day after ripping from 0.0779 to a 0.2179 peak. Volume is massive: 1.72B SYN and $265.67M in volume.
Key support sits at 0.1705 and 0.1253. Resistance is 0.2179, then 0.2609.
I'm biased LONG, but chasing this candle is madness. I'd wait for a pullback to 0.1705 before entering. First target 0.2179, second 0.2609. Invalidation below 0.1550.
If 0.1705 fails, $SYN likely flushes toward 0.1253. Let the market breathe. 🩸
