A lot of people are trying to find the top of $SYN right now.
I think that’s a big mistake.
Almost 2 days ago, I told you not to short $SYN as I’m still bearish on #SYN in the bigger picture but not bearish enough to short it now.
The chart is still making higher highs and higher lows, buyers are still defending every pullback, and most importantly, the $0.30-$0.32 area continues to hold. As long as that support stays intact, the structure remains bullish.
The next level I’m watching is around $0.40. If buyers manage to push through that area, I think $0.48 comes much faster than people expect. Volume is still strong and every dip is getting bought very quickly, which is not something I want to short against.
🇺🇸 Sen. Rick Scott is pitching Trump a plan to stop future government shutdowns and force a vote on the SAVE America Act to expose ‘who the good guys are and who the bad guys are.’
In a letter to Senate Republicans, Scott wants a funding extension through the midterms, anti-shutdown legislation, and to push voter ID + citizenship proof for voting.
He says Republicans need to show voters what they stand for through action, not just talk.
🚨🇺🇸 Washington to Meta: let us see the robot before it does something stupid.
The government is demanding Meta submit its most powerful AI systems for security review, worried that development is outrunning the guardrails entirely.
The fears aren't subtle either, think cyberattacks and uncontrolled escalation.
It's one of the most aggressive moves yet to put adult supervision on the AI arms race.
Whether the tech giants actually slow down, or just nod politely and keep sprinting, is the real question.
Source: Reuters, The New York Times / Writers: Daniel, Val
🇮🇷🇺🇸 Iran set to receive $12B in unfrozen funds via 2 $6B installments as U.S.-Iran talks advance toward formally ending the war. The U.S. has yet to confirm the exact amount.
Tensions linger over Israel-Hezbollah fighting in Lebanon.
Critics blast Trump admin over fears Tehran will rebuild military & fund proxies.
JD Vance: "Iran will buy American soy, wheat & corn" with the money.
Sec. Rubio heading to UAE, Kuwait & Bahrain this week to reassure allies on the deal & discuss Strait of Hormuz security. Hormuz traffic is picking up as tankers resume with open signals.
Do you think the war is ending, or is this just another empty effort?
SYN is already up more than 100% and I don’t think it will keep pumping like $LAB or $RAVE . Since it's also trading on spot, it looks more likely to follow the path of $STO and see a sharp correction
The chart is still holding its breakout structure and buyers are still defending every small pullback. As long as $0.25-$0.26 keeps holding, there is still room for another leg higher. The next levels I’m watching are around $0.30, then $0.35 and possibly even $0.40 if momentum stays aggressive.
The danger starts if $SYN loses the $0.25-$0.26 support zone. That would be the first real sign that momentum is fading. Once a coin moves this far in such a short time, a breakdown can become very aggressive because there is not much support below current prices.
People think the goal is to short the exact top… It’s not.
Every day we see a coin 50%, 100%, 200% or even 200% on Binance and other major exchanges. No matter the market is bearish or $BTC is dumping, we always see a coin that pumps more than 50%-100% in the last 24H.
How much a coin will pump… it’s not guaranteed. But it’s guaranteed that it will dump 90% within some hours after making a top.
The funny part is that the crash is usually easy to predict. The exact top is not easy to predict.
That’s why no one knows what the exact top of a gainer is until or unless he is an insider or a very big whale.
That’s why I never try to guess the highest candle. I start becoming careful when everyone starts posting crazy targets, calling for new ATHs and acting like the coin can only go up.
Just look at #LAB , #SIREN , #COAI , #RIVER , #BWT and many others. The warning signs were there long before the dump happened.
Most traders lose money because they spend all their energy trying to find the exact top.