$SYN – Rejection at Key Resistance Could Open the Door for a Deeper Pullback 📉
🔻 Short Trade Setup: $SYN
Entry: 0.503 – 0.510
🛑 Stop Loss: 0.551
🎯 Take Profit Targets:
✅ TP1: 0.460
✅ TP2: 0.415
✅ TP3: 0.360
$SYN is currently testing a major resistance zone where previous selling pressure has repeatedly emerged. Price is struggling to break higher, while momentum indicators are beginning to weaken and buying volume appears to be slowing. If this resistance holds, sellers could regain control and trigger a healthy corrective move toward the downside.
The current risk-to-reward profile remains attractive as long as price stays below the invalidation level. A confirmed rejection, especially with increasing selling volume, would strengthen the bearish outlook and increase the probability of reaching each profit target. Manage your position carefully, follow proper risk management, and avoid overleveraging in volatile market conditions.
Trade $SYN here and watch for confirmation before entering. 👇
🔻 Short Trade Setup: $SYN
Entry: 0.503 – 0.510
🛑 Stop Loss: 0.551
🎯 Take Profit Targets:
✅ TP1: 0.460
✅ TP2: 0.415
✅ TP3: 0.360
$SYN is currently testing a major resistance zone where previous selling pressure has repeatedly emerged. Price is struggling to break higher, while momentum indicators are beginning to weaken and buying volume appears to be slowing. If this resistance holds, sellers could regain control and trigger a healthy corrective move toward the downside.
The current risk-to-reward profile remains attractive as long as price stays below the invalidation level. A confirmed rejection, especially with increasing selling volume, would strengthen the bearish outlook and increase the probability of reaching each profit target. Manage your position carefully, follow proper risk management, and avoid overleveraging in volatile market conditions.
Trade $SYN here and watch for confirmation before entering. 👇