$SYN Strategic Breakout Analysis
We are witnessing a significant liquidity shift in Synapse ($SYN) as it reclaims the $0.100 psychological territory. The recent price action confirms a valid Break of Structure (BOS) on the daily timeframe, accompanied by a massive surge in buy-side volume. This is not just retail FOMO; the order book data suggests institutional accumulation is defending the $0.095 support level.
Technical Outlook:
The price is currently consolidating around $0.103 after a strong impulse move. In Smart Money Concepts (SMC), we look for a "Return to Order Block" before continuation. The area between $0.095 and $0.098 holds a bullish Fair Value Gap (FVG) that needs to be partially filled to balance the price action. If SYN holds above this zone, the next liquidity objective is $0.120.
Trade Setup:
Entry Zone: $0.096 – $0.100 (Wait for a wick rejection).
Stop Loss: $0.089 (Strictly below the swing low).
Take Profit 1: $0.115
Take Profit 2: $0.130
Risk Warning: Volatility is extreme. Do not chase green candles. Wait for the retest.
Sentiment: Bullish Continuation 🟢
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