$SYN TRADE SETUP 📈📉
#SYN/USDT Trade Setup (1D Timeframe)
- Current Price: 0.4336 USDT
- Trend: SYN is in a downward trend but showing signs of potential reversal near key support levels.
Trade Setup:
Entry Zone:
- Buy between 0.354 - 0.433 USDT, with potential bounce from this key support area (0.354 USDT). Watch for bullish confirmation before entering.
Targets:
- Target 1: 0.550 USDT (Resistance)
- Target 2: 0.620 USDT (Fibonacci resistance)
- Target 3: 0.800 USDT (Extended target for a potential breakout)
Stop Loss:
- SL: 0.263 USDT (Below major support and Fibonacci retracement level).
Indicators:
- RSI: RSI shows a bullish divergence with price, indicating potential upward momentum. Keep an eye on how RSI behaves to confirm a trend change.
Key Levels:
- Resistance: 0.550 USDT, 0.620 USDT
- Support: 0.354 USDT, 0.263 USDT (critical support level)
Watchlist:
The price needs to break above the current resistance levels for a confirmed bullish trend. Rejection near these zones may indicate continuation of the downtrend, so set tight stop losses and manage risk accordingly.
