$SYN 4-1-hour time frame for SYN/USDT
A local bullish structure break (CHoCH) is confirmed. Price delivered a strong upward impulse, but right now a pullback is underway.
Nearest moving averages (Support):
EMA 50 (red line) is below—at $0.29088.
EMA 200 (blue line) is even lower—at $0.15038.
Support zones (green blocks):
Local bullish order block (the shelf from where the last impulse started): range $0.26 – $0.315 (nicely aligned with EMA 50).
Above, there is only a massive short wick up to $0.6500, which now acts as the main magnet for buyers or a good short entry point
A local bullish structure break (CHoCH) is confirmed. Price delivered a strong upward impulse, but right now a pullback is underway.
Nearest moving averages (Support):
EMA 50 (red line) is below—at $0.29088.
EMA 200 (blue line) is even lower—at $0.15038.
Support zones (green blocks):
Local bullish order block (the shelf from where the last impulse started): range $0.26 – $0.315 (nicely aligned with EMA 50).
Above, there is only a massive short wick up to $0.6500, which now acts as the main magnet for buyers or a good short entry point