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$SYN 🚨
📈 Spike → 🪤 Trap → 📉 Breakdown
Wait for confirmation ✅
We saw a strong rejection near ~0.12 (long upper wick = sellers stepped in hard).
That candle was a liquidity sweep + fake breakout, trapping late buyers.
After losing the 0.09 support, price continued dumping and is now trading around 0.079.
📉 What this means:
✅ 0.12 area = major resistance / distribution zone
✅ 0.09 break = bearish confirmation
✅ Current move = continuation after rejectio
🔍 Key Levels to Watch:
• Resistance: 0.088 – 0.092
• Support: 0.070 – 0.065
If price retests 0.09 and rejects again, that’s a possible short continuation setup.
If price holds 0.07, we may see a small bounce — otherwise next liquidity sits lower.
💡 Lesson:
Don’t chase green candles after big spikes. Wait for retests + confirmation.
$SYN #syn