Detailed Analysis of SYN Currency with Guaranteed Entry Points
From the attached chart of the SYN/USDT pair on the daily timeframe, a very strong upward surge occurred with a significant increase in trading volume. However, the RSI indicator is very high (above 85), which means the price is overbought and may experience a correction or strong volatility.
No trade is guaranteed, especially after a nearly 50% rise in one day.
Resistance
0.125 – 0.130 Current resistance.
0.147 – 0.163 Strong resistance zone (previous high).
Support
0.100 – 0.105 Initial support.
0.084 Important support.
0.052 Key support if a deep correction occurs.
A safer buying plan
Do not chase the current price.
Wait for a correction towards 0.100–0.105 and then the appearance of retracement candles.
Stop loss below 0.084. Targets:
0.147
0.163
0.180 if the momentum continues.
Short Selling Plan:
If strong reversal candles appear and the price fails to break through 0.125–0.130, a decline towards:
0.105
0.084 is possible. Entering a sell position immediately after the current rally carries high risk, as the currency is in a state of strong momentum. Entering a buy position at these levels is also not ideal.