$SYN /USDT Bearish Setup: Critical Rejection Zone in Play📈🤔🔐👇

🕒 Timeframes Observed: 1H & 4H

📍 Bearish Rejection Zone: $0.1695 – $0.1715

📍 Support Levels to Watch:

Minor Support: $0.1665

Mid-Term Support: $0.1620

Strong Support: $0.1555

📊 Technical Analysis & Market Thinking:

$SYN has approached a confluence zone of resistance, where the 200 EMA on the 1H timeframe and a major rejection block on 4H intersect. The RSI on the 1H chart is aggressively elevated at 76.98, reflecting an overheated momentum that typically invites profit-taking or short-side setups.

The price structure leading up to this point is a parabolic push, indicating that the move may have been driven more by momentum than organic demand. When assets rise too quickly without consolidation, they're more vulnerable to sharp retracements.

🔻 Key Bearish Signals Observed:

RSI divergence potential forming (RSI rising faster than price)

Price pausing near the 200 EMA on both timeframes

Volume tapering on the push toward resistance — a classic sign of exhaustion

Multiple failed candle closures above $0.1710 (early sign of buyer rejection)

🧷 Bearish Strategy Plan (1-Sided Sell Bias):

🔽 Short Entry Zone: $0.1720 – $0.1730

📉 Stop-Loss: Above $0.1745 (conservative stop for local breakout trap)

🎯 Profit Targets:

TP1: $0.1665 (gap fill zone)

TP2: $0.1620 (last demand test)

TP3: $0.1555 (structural base support on 4H)

🎯 Optional Extended Target: $0.1480 if bearish momentum breaks structure entirely.

⚠️ Strategy Note:

If $SYN fails to break below $0.1665 with volume, avoid overextending short positions — that zone could flip into a bullish trap reversal. It's a momentum game here — wait for rejection confirmation candles (inverted hammers or bearish engulfing).

🧠 Trader’s Takeaway:

“Don't short strength, short the failure of strength. Rejections are more powerful than resistance lines.”

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