$SYN Update: Breaking Out with Momentum..
$SYN is trading at $0.5810, showing a sharp recovery and a massive 12.21% gain after rebounding from the daily low of $0.4962. The price is testing a crucial resistance level, signaling a potential continuation of the bullish breakout.
Key Levels to Watch:
Resistance: $0.5824 – A breakout above this level could drive $SYN to $0.6000 or beyond.
Support: $0.5551 – Holding this level is critical for sustaining the bullish trend.
Trade Setup:
Entry Point: $0.5810
Targets:
1. $0.5900
2. $0.6000
3. $0.6150
Risk Management:
Stop-loss: $0.5500
Market Insight:
$SYN’s surge is backed by strong buying volume, indicating growing bullish sentiment. However, failure to break $0.5824 could lead to a pullback toward $0.5551 before the next leg up.
Monitor the resistance level closely for a confirmed breakout..