$SYN Short Liquidation: $2.8931K at $0.5964
The $SYN market just saw a $2.8931K short liquidation at $0.5964, signaling intense buying pressure and a potential upward breakout.
Bulls appear to be gaining control, pushing prices higher and squeezing shorts.
Next Move:
1. For Long Traders:
With $0.5964 breached, the next resistance lies at $0.62.
Look for a continuation toward $0.65 if momentum persists.
Watch for retracements to $0.58-$0.59 as possible re-entry zones.
2. For Short Traders:
A rejection near $0.62 could offer a safer entry.
Stay cautious, as bullish momentum could invalidate short setups quickly.
Stop Loss Suggestions:
For longs, place stop-losses below $0.57 to protect against sharp pullbacks.
For shorts, set stop-losses above $0.63 to minimize risks in case of a rally.$SYN
The market is heating up.
Keep an eye on volume and key levels to ride the next move!