Breaking News: $SYN Short Liquidation of $3.802K at $0.70933!

What Happened?

A short liquidation occurred, meaning traders betting against $SYN were forced to buy back at $0.70933.

This suggests strong buying pressure, pushing the price higher.

Important Details:

Liquidation Amount: $3,802

Liquidation Price: $0.70933

Market Sentiment: Bullish momentum in the short term due to forced buying.

Next Move Suggestions:

1. For Buyers:

If SYN holds above $0.70 and shows strength, consider buying for potential upside.

Wait for a dip closer to $0.68 for a better entry point.

2. For Sellers:

Watch for the price approaching resistance near $0.75 to take profits.

Support & Resistance Levels:

Support Level: $0.68 (key zone where buyers may step in).

Resistance Level: $0.75 (potential selling zone).

Final Advice:

For Buyers: If SYN maintains its bullish momentum, a cautious buy near $0.70–$0.68 could be favorable. Set a stop-loss below $0.68 to manage risk.

For Sellers: Monitor $0.75 as a key level to consider selling if the upward trend weakens.

Always trade with discipline and keep an eye on volume!

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