🔻 $SYN /USDT – Short Setup (Post-Spike Correction Trade)
Market Outlook:
SYN saw an explosive wick to 0.1126 before an immediate sharp sell-off — a classic liquidity trap. The chart now shows heavy rejection and consolidation near 0.080, signaling exhausted buyers and potential for a continued pullback if volume remains weak.
🔹 Entry Zone:
0.0805 – 0.0820
🎯 Targets:
TP1: 0.0765 (minor support)
TP2: 0.0730 (24h low retest zone)
TP3: 0.0700 (extended drop target)
🛑 Stop Loss (SL):
0.0850 (above last consolidation top)
📊 Key Level to Watch:
0.0800 — losing this level confirms continued bearish pressure. Holding above it for long could lead to sideways consolidation.
⚠️ Risk Management Tip:
Secure partial profits at TP1 and trail stop-loss down as price moves.
Avoid over-leverage since SYN’s volatility is high after that massive wick.
If price reclaims 0.085+, short setup becomes invalid — watch for reversal strength.$SYN
