$SYN /USDT (Synapse) based on your snapshot for April 29, 2025:

SYN/USDT Quick Overview

Current Price: $0.2860

Daily Change: -7.86% (strong bearish)

24h High: $0.3385

24h Low: $0.2858 (very close to current price!)

MA60: $0.2876 (price under MA60, bearish signal)

Volume:

11.95M SYN

3.69M USDT

Technical Picture

SYN is heavily sold off, almost at the 24h low ($0.2858).

MA60 at $0.2876 is now acting as resistance.

Volume rising, but mostly on sell candles → sellers are stronger for now.

After a 20%+ 24h range ($0.3385 high → $0.2858 low), buyers seem absent.

Key Zones to Watch

Immediate Resistance:

$0.2876 (MA60)

$0.2900 – $0.2920 (minor)

Immediate Support:

$0.2858 (24h low — right now!)

$0.2800 (psychological support)

Trade Plans

Setup 1: Bounce Attempt (Risky)

Entry: $0.2840–$0.2860 (try near 24h low)

Stop Loss: Below $0.2790

Take Profit Targets:

TP1: $0.2880 (MA60 retest)

TP2: $0.2920

Try very small size if you attempt this bounce, as trend is still down!

Setup 2: Breakdown Short

Entry: Below $0.2840 (after 15m strong close)

Stop Loss: Above $0.2880

Take Profit:

TP1: $0.2800

TP2: $0.2720

Momentum favors short-selling if support cracks.

Simple View

Special Caution

Downtrend is strong, so longs are riskier unless BTC or majors reverse.

Better strategy: wait for clear 15m bullish reversal signal if you want to long. Otherwise, trend-follow shorting is safer today.

Would you like me to also prepare a scalp trading plan (fast in/fast out) specifically for SYN/USDT today?

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