$SYN sell-side liquidity on the downside was cleared first (meaning weak hands were shaken out), after which buyers stepped into the market strongly. The price moved up and then made a small correction, but that was not weakness—it was due to profit-taking.
Now the price is holding above a strong support level, which indicates that buyers are still active. The market structure now looks bullish (upward-moving).
Key points in brief:
A shakeout occurred in the market, then buyers returned
Price did not break support; instead, it reclaimed it
Higher lows are forming, which is a bullish signal
This is not a random bounce; it’s a structure-driven move
Trade plan (brief):
Entry: 0.0620 – 0.0635
Targets:
TP1: 0.0665
TP2: 0.0698
TP3: 0.0735
Stop Loss: Below 0.0595
Conclusion:
As long as the price holds above support and continues to form higher lows, the probability favors further upside. This analysis is based on market structure and reaction, not emotions.
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