SYN/USDT Technical Analysis:👉💵💲💥👈
Key Data:
Current Price: $0.7159 (+9.05%)
24h High: $0.7478
24h Low: $0.6475
24h Volume (SYN): 21.40M SYN
24h Volume (USDT): 14.96M USDT
Moving Averages:💰
MA(7): $0.7184 (short-term)
MA(25): $0.6887 (mid-term)
MA(99): $0.6070 (long-term)
Support and Resistance:💷
Resistance Levels:
$0.7478 (24h high)
$0.7568 (next potential resistance)
Support Levels:🗣️
$0.6887 (25-day MA)
$0.6475 (24h low)
Technical Analysis:🚀
Price Position:
The price of $0.7159 is slightly above the 7-day MA of $0.7184, suggesting a consolidation phase near a key short-term level.
The price is also above the 99-day MA of $0.6070, indicating an overall bullish trend.
Volume:🤑
With 21.40M SYN traded and 14.96M USDT in the last 24 hours, there’s moderate trading activity, indicating healthy market interest.
Trading Strategy:
Entry Levels:🎯
1. Conservative Entry:
A good entry could be around $0.6887 (25-day MA) if the price retraces.
2. Aggressive Entry:💸
Entering at $0.7159 could be a viable option for those looking to take advantage of the current bullish momentum.
Targets:🛑
1. Target 1 (Short-term):
The immediate resistance target is $0.7478 (24h high), and it could potentially break to $0.7568 (next resistance).
2. Target 2 (Medium-term):💵
If the price sustains the bullish momentum, it could look to test higher levels above $0.7568.
Stop-Loss:🛑
1. Stop-Loss 1 (Conservative):
A stop-loss can be placed near $0.6887 (25-day MA) for those wanting a safer entry point.
2. Stop-Loss 2 (Aggressive):
A tighter stop-loss could be placed near $0.6475 (24h low) for more aggressive traders.
Example Scenario:
Entry: $0.6887 (conservative) or $0.7159 (aggressive)
Stop-Loss: $0.6887 (conservative) or $0.6475 (aggressive)
Target 1: $0.7478 (24h high)
Target 2: $0.7568 (next resistance)
Conclusion:
SYN/USDT has seen a 9.05% increase in the last 24 hours, signaling bullish momentum. The price is above key moving averages, indicating a continuation of the uptrend. Traders can consider entering around $0.6887 (conservative) or $0.7159 (aggressive), with targets at $0.7478 and $0.7568. A stop-loss at $0.6887 or $0.6475 can be used for risk management.
Let me know if you need further details!