$SYN IS SLIDING – REVERSAL INCOMING?
$SYN has dropped from 0.376 to 0.290 — a 22% decline. RSI at 23 — oversold. Momentum is slowing, and volume is beginning to fade. The 4-hour chart shows a steady decline with increasing volume.
Trading Plan Long $SYN
Entry: 0.290 – 0.291
SL: 0.287
TP1: 0.297
TP2: 0.305
TP3: 0.315
The decline has pushed price back into an area that previously rejected sellers. If buyers hold above 0.287, a recovery toward 0.297 and 0.305 could follow.
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