It hit $SYN in a major supply zone and received a clear rejection from a long upper-wick candle, indicating seller intervention and a pullback in buying momentum to initiate a corrective move toward the ascending trendline.
📍 Monitoring Zone:
$0.17469- $0.18900
🎯 Targets:
Target 1: $0.16228
Target 2: $0.15552
Target 3: $0.14905 (toward the ascending trendline)
🚫 Invalidation of the Scenario:
A breakout and a firm closing above the $0.1950 level negates the bearish read and opens the door to a new bullish wave.
📍 Monitoring Zone:
$0.17469- $0.18900
🎯 Targets:
Target 1: $0.16228
Target 2: $0.15552
Target 3: $0.14905 (toward the ascending trendline)
🚫 Invalidation of the Scenario:
A breakout and a firm closing above the $0.1950 level negates the bearish read and opens the door to a new bullish wave.
