📉
$SYN Market Update — Rally Fading Below Key Averages
Bias: Short-term Bearish / Range-bound
🧭 Market Structure
SYN recently pushed from 0.063 → 0.070, but the move stalled at range highs. Price is now printing lower highs and consolidating around 0.068, indicating momentum loss after the rejection. Structure remains weak below key moving averages, keeping sellers in control for now.
📊 Trend & Moving Averages
Price is below the 50D & 200D SMAs
Confirms broader bearish trend
Any upside is currently a pullback, not a confirmed trend reversal
📌 Key Levels
Resistance
0.0700 – Major rejection zone / range high
0.0690–0.0695 – Intraday supply
Support
0.0668 – Local demand / intraday low
0.0630–0.0640 – Strong HTF support zone
🔄 Volume & Flow
Volume remains thin, confirming weak conviction
Order book slightly bid-heavy, but not strong enough to flip structure
Low liquidity increases downside risk on sell pressure
🎯 Trade Scenarios
Bearish Setup (Preferred)
Entry: 0.0690–0.0700 (retest of resistance)
Stop Loss: 0.0712
Targets:
TP1: 0.0668
TP2: 0.0640
Bullish Reversal (Only if confirmed)
Requires clean reclaim & hold above 0.070 + volume expansion
Otherwise, upside moves remain sell-the-rally
🧠 Summary
Despite recent volatility, SYN remains structurally weak below key moving averages. Until price reclaims 0.070+, the path of least resistance favors range to downside continuation.
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