$SYN
/USDT โ Bullish Reversal Underway ๐
Current Price: $0.1442
Intraday Range: $0.1378 โ $0.1465
Key Support: $0.1212 (23.6% Fibonacci retracement)
Resistance Levels: $0.1520 (recent consolidation), $0.1640 (next major resistance)
$SYN has broken out of a descending channel, signaling a potential bullish reversal. The price is holding above the 23.6% Fibonacci level at $0.1212, serving as crucial support. Maintaining this level could reinforce the breakout and lead to a retest of the $0.1520 resistance zone.
๐ Fibonacci Levels:
23.6%: $0.1212
38.2%: $0.1260
50%: $0.1300
61.8%: $0.1340
Key Resistance: $0.1520
Currently above the 23.6% level, indicating potential continuation upward. Pullbacks to the 38.2%โ50% range ($0.1260โ$0.1300) could offer safer entries for long positions.
๐ RSI:
14-Day RSI: 59.43
Interpretation: Approaching overbought but still room for upside, showing healthy buying momentum.
๐ฏ Entry Zones:
Safer Entry: $0.1300 โ $0.1340 (50%โ61.8% Fibonacci)
Aggressive Entry: $0.1520 (breakout above resistance)
๐ฐ Take-Profit Zones:
TP1: $0.1520 (recent consolidation)
TP2: $0.1640 (next major resistance)
๐ก Stop-Loss Ideas:
Conservative: $0.1212 (below 23.6% Fibonacci)
Tight: $0.1260 (below 38.2% Fibonacci)
These stop-loss levels help manage risk while positioning for a bullish continuation.