$SYN /USDT – Bullish Momentum Building, Testing Recent Highs
$SYN is currently trading at $0.2938, showing a positive trend and approaching its 24-hour high of $0.2990. The price action suggests increasing buying pressure and a potential breakout attempt.
Trade Setup (Watching for Breakout):
Potential Support Zone: $0.2900 - $0.2920
Key Resistance: $0.2990 - $0.3000
Bullish Scenario:
Entry (Long): Break above $0.3000 with significant volume
Target 1: $0.3050
Target 2: $0.3100+
Stop Loss (Long): Below $0.2880
Bearish Scenario:
Entry (Short): Rejection at $0.2990 with increasing selling volume, break below $0.2900
Target 1: $0.2870
Target 2: $0.2840
Stop Loss (Short): Above $0.3020
SYN/USDT is showing promising bullish momentum. Keep a close eye on the $0.2990 - $0.3000 resistance zone. A strong break above this level could lead to further upside. Conversely, a rejection at this point could lead to a pullback. Monitor volume for confirmation of either scenario.
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