After the run-up of SYN, the crucial part is just beginning.
Many folks are only seeing a 16.39% gain in 24 hours. I’m looking deeper:
• Is the volume legit: 51M USDT
• Is the high getting absorbed: 0.316600
• Is the latest low holding: 0.206500
+16.39% indicates capital inflow, but I want to see the price handle the zone at 0.316600. A clean break is different from just hitting the high and getting sold off; those two scenarios create very different market sentiments.
A strong coin doesn’t fear a retest. A coin that survives only on FOMO will show its hand during a retest.
Do you guys think this is accumulation or exit liquidity?
#SYN #MarketReview #Crypto
Many folks are only seeing a 16.39% gain in 24 hours. I’m looking deeper:
• Is the volume legit: 51M USDT
• Is the high getting absorbed: 0.316600
• Is the latest low holding: 0.206500
+16.39% indicates capital inflow, but I want to see the price handle the zone at 0.316600. A clean break is different from just hitting the high and getting sold off; those two scenarios create very different market sentiments.
A strong coin doesn’t fear a retest. A coin that survives only on FOMO will show its hand during a retest.
Do you guys think this is accumulation or exit liquidity?
#SYN #MarketReview #Crypto