$SYN reclaims $0.18 this week or I’m wrong. 🔥
No bounce yet.
It’s at $0.1581, down 11.13% in 24h and 11.7% across the latest 4h window, with RSI at 37 and volume only 0.7x the 20d average.
That’s ugly.
Price is below both the 20d and 50d MAs, while longs are paying 0.005% funding. $XRP can hold up better and still not save this setup.
At $0.18, I’d wait for a clean reclaim instead of chasing a wick. If it can’t get there this week, call it invalid. 📉
#SYN #Altcoin #Trading
No bounce yet.
It’s at $0.1581, down 11.13% in 24h and 11.7% across the latest 4h window, with RSI at 37 and volume only 0.7x the 20d average.
That’s ugly.
Price is below both the 20d and 50d MAs, while longs are paying 0.005% funding. $XRP can hold up better and still not save this setup.
At $0.18, I’d wait for a clean reclaim instead of chasing a wick. If it can’t get there this week, call it invalid. 📉
#SYN #Altcoin #Trading