$SYN shows a classic "pump and retrace" pattern on the 15-minute timeframe....
After a massive surge to $0.0724, the price has formed a lower high and is now breaking below the 7-period moving average ($0.0670)...
Trade Set-up : Short📉
Entry Zone : $0.0666 - $0.0675
Stop Loss : $0.0705
TP1 : $0.0621
TP2 : $0.0600
Strategy:
Enter Short position as the price struggles to stay above $0.0670. First Target is the 25-period moving average ($0.0621), where the price found consolidation before the final leg up. If that fails, $0.0600 is the next major support.
Risk Warning:
$SYN is highly volatile today with over $100M in volume. If the price suddenly spikes back above $0.0700, the bearish thesis is invalidated.
Don't leverage more than 5x
CLICK below to short sell $SYN #SYN 👇
SYN
0.0923
-7.79%