Most traders are chasing the rebound, but the higher-timeframe structure still points to weakness on $SYN /USDT.
$SYN /USDT – SHORT
Trade Plan:
Entry: 0.0992515 – 0.1005485
SL: 0.1156722
TP1: 0.0880708
TP2: 0.0801847
TP3: 0.0683556
The 4H timeframe holds a strong bearish bias (85% confidence), keeping sellers in control despite the recent bounce.
15m RSI at 14.48 reflects extremely weak short-term momentum. While oversold conditions can produce brief rebounds, they don't necessarily signal a trend reversal.
Price is trading near 0.0999 within a daily range, and the 1H ATR of 0.0065 suggests compressed volatility that could expand with the prevailing trend.
The short setup offers a favorable risk-to-reward profile from the entry zone. As long as price remains below the 0.1156722 invalidation level, the focus stays on TP1, with TP2 and TP3 in play if bearish momentum continues.
$SYN
$SYN /USDT – SHORT
Trade Plan:
Entry: 0.0992515 – 0.1005485
SL: 0.1156722
TP1: 0.0880708
TP2: 0.0801847
TP3: 0.0683556
The 4H timeframe holds a strong bearish bias (85% confidence), keeping sellers in control despite the recent bounce.
15m RSI at 14.48 reflects extremely weak short-term momentum. While oversold conditions can produce brief rebounds, they don't necessarily signal a trend reversal.
Price is trading near 0.0999 within a daily range, and the 1H ATR of 0.0065 suggests compressed volatility that could expand with the prevailing trend.
The short setup offers a favorable risk-to-reward profile from the entry zone. As long as price remains below the 0.1156722 invalidation level, the focus stays on TP1, with TP2 and TP3 in play if bearish momentum continues.
$SYN