How to Trade a Top Gainer: The $SYN Case Study 📚
When a coin like Synapse ($SYN) enters the "Top 3 Gainers" list on Binance, most beginners make a fatal mistake: they buy the top out of FOMO. Today, trading at $0.103, SYN gives us a perfect lesson on Market Structure and Patience.
The Setup Explained:
Impulse Move: The price shot up from $0.060 to $0.105 rapidly.
Correction: Now, we are seeing a sideways movement. This is called "Time Correction."
The Golden Zone: We use Fibonacci retracement levels to find a safe entry. The 0.5 to 0.618 Fib level sits right around $0.095. This is where Smart Money usually reloads their positions.
Lesson for Today:
Never chase a vertical green candle. Wait for price to come to you. If SYN dips to the $0.095 - $0.098 zone and shows a hammer candle, that is your high-probability entry signal. Trading is about risk management, not prediction.
Educational Setup:
Watch: $0.098 Support
Invalidation: Close below $0.090
Target: New Highs ($0.120)
Confidence: High (If level holds) 🟢
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