$SYN / USDT SHORT SETUP – REJECTION FROM $0.277 TOP, DOWNWARD BLEEDING TO $0.1600 INCOMING
SYN hit a local top at $0.27716 and printed a sharp upper rejection wick. Buyers have lost momentum at the local peak and heavy profit booking has started at the top level.
Price is breaking down toward the EMA support range and RSI is also confirming the weakness. From here, a strong downside correction toward the $0.1600 base support zone is expected.
Trade Setup: SYN / USDT (SHORT)
Entry Zone: 0.2400 – 0.2500
(CMP ~0.2490 and short entries on minor bounces)
Targets:
• TP 1: 0.2250 (EMA 50 Retest)
• TP 2: 0.2000 (EMA 200 Retest)
• TP 3: 0.1800
• TP 4 0.1600
Stop Loss: 0.2800
Technical Analysis:
Strong Resistance Rejection: A strong rejection wick formed from the $0.27716 top level.
Loss of Bullish Volume: Volume is dropping on the lower timeframe and sellers are taking control of the market.
Pullback Target: After the parabolic move, a retest of the $0.1960 and $0.1600 support levels could be a technical move.
SYN hit a local top at $0.27716 and printed a sharp upper rejection wick. Buyers have lost momentum at the local peak and heavy profit booking has started at the top level.
Price is breaking down toward the EMA support range and RSI is also confirming the weakness. From here, a strong downside correction toward the $0.1600 base support zone is expected.
Trade Setup: SYN / USDT (SHORT)
Entry Zone: 0.2400 – 0.2500
(CMP ~0.2490 and short entries on minor bounces)
Targets:
• TP 1: 0.2250 (EMA 50 Retest)
• TP 2: 0.2000 (EMA 200 Retest)
• TP 3: 0.1800
• TP 4 0.1600
Stop Loss: 0.2800
Technical Analysis:
Strong Resistance Rejection: A strong rejection wick formed from the $0.27716 top level.
Loss of Bullish Volume: Volume is dropping on the lower timeframe and sellers are taking control of the market.
Pullback Target: After the parabolic move, a retest of the $0.1960 and $0.1600 support levels could be a technical move.
