$SYN
I have been watching Synapse (SYN) today, and it is moving fast. It reached around $0.1039, and the volume is huge.
Here is what I am seeing:
🟢 Why I like it
To me, this looks like a strong takeoff. The charts are pointing upward, and the volume confirms that people are really buying. The MACD indicator (which I use to check momentum) is showing a buy signal, and the community is super excited about this "vertical" movement.
🔴 What worries me
But I have to be careful. The RSI is really high, which usually means it is "overbought" and might need to cool down soon.
What really worries me is the money flow. Even though the price is rising, I see more money leaving the coin than coming in at this moment (net outflow). That is often a warning sign that the big players are selling into the rise while the price is high.
📝My plan:
I want to ride the wave, but the outflows scare me a little. I am not going to take risks here. I am going to wait for the volatility to settle down before making a move.