๐จ $SYN is approaching a very sensitive area!
The price recorded a sharp rejection from $0.2771 after a strong upward wave, and at the same time Open Interest rose with the price, while Funding surged to extremely positive levels.
๐ What does it mean?
Longs started stacking near the top, and any loss of momentum could turn this positioning into fuel for a fast downward move.
๐ฅ Short zone to watch:
$0.2430 โ $0.2580
๐ Stop loss: $0.2825
๐ฏ Targets:
$0.232
$0.216
$0.198
๐
Stop loss ๐ ๐
Break $0.2772 and hold above it on the 1H timeframe.
We may first see an attempt to regain liquidity above the high, so confirmation matters more than rushing.
$SYN USDT PERP
๐ Watch โ donโt chase.
DYOR and manage your capital before any entry.#SYN
The price recorded a sharp rejection from $0.2771 after a strong upward wave, and at the same time Open Interest rose with the price, while Funding surged to extremely positive levels.
๐ What does it mean?
Longs started stacking near the top, and any loss of momentum could turn this positioning into fuel for a fast downward move.
๐ฅ Short zone to watch:
$0.2430 โ $0.2580
๐ Stop loss: $0.2825
๐ฏ Targets:
$0.232
$0.216
$0.198
๐
Stop loss ๐ ๐
Break $0.2772 and hold above it on the 1H timeframe.
We may first see an attempt to regain liquidity above the high, so confirmation matters more than rushing.
$SYN USDT PERP
๐ Watch โ donโt chase.
DYOR and manage your capital before any entry.#SYN
