🔻
$SYN – Bearish liquidity sweep ready to launch!
Price faced a harsh rejection at 0.70000, then decisively broke the 0.60000 level, turning these zones into a solid resistance. Now the price is retesting these levels with reduced trading volume on the 4-hour timeframe—this is a typical behavior that precedes the next bearish wave.
$SYN 📉 Entry zone (sell/short): 0.59200
🎯 Targets:
· TP1: 0.50000
· TP2: 0.38793
🛑 Stop loss: 0.70000
📊 Technical confirmations:
· Rejection from 0.70000 confirms buyers’ weakness.
· A break below 0.60000 with a failed retest strengthens sellers’ control.
· Falling trading volumes during the bounce indicate there is no real buying power.
· Risk/Reward ratio exceeds 1:3 at the first target.
💡 The question now:
Are you already in the trade, or do you prefer to wait for a lower retest at 0.58500 before entering?
⚠️ Disclaimer: Pure technical analysis, not investment advice. Manage your risk and don’t risk more than a small portion of your capital.
#SYN #ShortSetup #BearishBreakout #crypto