SYN just surged 47% in a single day — but this parabolic move is running on fumes.
$SYN $0.5123 Short TP $0.493 SL $0.527
Volume collapsed to just 7% of the 20-period average on the latest 4h candle after a massive 21% spike candle — classic exhaustion pattern after a 1,700% rally from June lows.
MACD histogram flipped negative and price is trading above the Bollinger Upper Band at $0.5075, both textbook overextension signals that historically precede sharp mean reversion.
DYOR
$SYN $0.5123 Short TP $0.493 SL $0.527
Volume collapsed to just 7% of the 20-period average on the latest 4h candle after a massive 21% spike candle — classic exhaustion pattern after a 1,700% rally from June lows.
MACD histogram flipped negative and price is trading above the Bollinger Upper Band at $0.5075, both textbook overextension signals that historically precede sharp mean reversion.
DYOR