$SYN Long 10x – The recovery process is still ongoing, but a breakout confirmation is needed.
SYN is currently defending the 0.49735–0.50362 range. I just entered an isolated Long 10x position here.
Trading plan:
- Entry: 0.49735 – 0.50362
- Target 1: 0.52304 (R:R 1:0.8)
- Target 2: 0.53807 (R:R 1:1.2)
- Target 3: 0.56063 (R:R 1:2.0)
- Stop loss: 0.47041
Why this setup?
- The 4-hour timeframe still supports the buy scenario, while the daily structure remains bullish with price reacting from 0.49735–0.50362 near 0.50048.
- The 15-minute RSI indicator shows a reading of 47, indicating neutral momentum that allows the uptrend to continue.
- The 15-minute trading volume at 1.22x, with traded volume of 1.91M versus an expected 1.56M, confirms real participation from the buying side.
#BitcoinWorstFirstHalfSince2022 BitcoinFell20.5%InJuneTo$58526
SYN is currently defending the 0.49735–0.50362 range. I just entered an isolated Long 10x position here.
Trading plan:
- Entry: 0.49735 – 0.50362
- Target 1: 0.52304 (R:R 1:0.8)
- Target 2: 0.53807 (R:R 1:1.2)
- Target 3: 0.56063 (R:R 1:2.0)
- Stop loss: 0.47041
Why this setup?
- The 4-hour timeframe still supports the buy scenario, while the daily structure remains bullish with price reacting from 0.49735–0.50362 near 0.50048.
- The 15-minute RSI indicator shows a reading of 47, indicating neutral momentum that allows the uptrend to continue.
- The 15-minute trading volume at 1.22x, with traded volume of 1.91M versus an expected 1.56M, confirms real participation from the buying side.
#BitcoinWorstFirstHalfSince2022 BitcoinFell20.5%InJuneTo$58526