From the provided $SYN /USDT 15-minute chart, the price is currently trading around 0.6353. The chart displays a sideways consolidation pattern with visible support around 0.6200 and resistance near 0.6600. Below is a professional analysis with potential trade setups:

Long Entry Setup

Entry: Around 0.6300, close to the support zone if price shows bullish rejection.

Target: First target at 0.6500, second target at 0.6600.

Stop Loss: Below 0.6200 to minimize downside risk.

Reasoning: The recent bounce near 0.6200 suggests a strong support level, and a breakout above 0.6400 could confirm bullish momentum.

Short Entry Setup

Entry: Around 0.6500, close to the resistance zone if price shows rejection.

Target: First target at 0.6300, second target at 0.6200.

Stop Loss: Above 0.6600 to prevent losses in case of a breakout.

Reasoning: The resistance near 0.6600 has been tested multiple times without a clear breakout, indicating potential downward pressure.

Summary

Wait for confirmation at key levels before entering trades. If the price moves closer to 0.6300, look for long opportunities. Conversely, if it tests 0.6500 and shows rejection, short positions are favorable. Manage risk effectively using stop-loss orders and proper position sizing.

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