$SYN is up 48% today and I am not touching it. One number is why.
1h RSI at 75 means momentum is stretched thin.
Price is at 96% of its 24h range buying here means chasing the last 48% move.
1h ATR is 7.1% any stop tighter than that gets shaken out by noise alone.
Tap $SYN and look at the last 24 hourly candles, the level is right there.
It could keep running without you. Missing it costs nothing. Getting killed trying to catch it costs everything.
Chasing $SYN here, or waiting for $0.07913?
📒 My log, last 7d: 14 calls closed, 3 hit a target, 11 stopped. Net -3.8R, losses included.
Binance data as of 16 Sep 06:30 UTC. Not financial advice.
#SYN #RiskManagement
1h RSI at 75 means momentum is stretched thin.
Price is at 96% of its 24h range buying here means chasing the last 48% move.
1h ATR is 7.1% any stop tighter than that gets shaken out by noise alone.
Tap $SYN and look at the last 24 hourly candles, the level is right there.
It could keep running without you. Missing it costs nothing. Getting killed trying to catch it costs everything.
Chasing $SYN here, or waiting for $0.07913?
📒 My log, last 7d: 14 calls closed, 3 hit a target, 11 stopped. Net -3.8R, losses included.
Binance data as of 16 Sep 06:30 UTC. Not financial advice.
#SYN #RiskManagement