💥 $SYN — Short Bias Play (Weekly Momentum Rejection)
📌 Current Setup
$SYN just surged ~+70% in a very stretched, one-way move — exactly the type of run that attracts heavy selling near extensions. Recent candles show heavy upper wicks and repeated rejections near resistance, meaning buyers cannot hold highs and sell pressure is active. This aligns with broader technical downtrend pressure and resistance into key moving averages. �
CoinMarketCap
🛑 Short Entry Zone: 0.1078 – 0.1120
📉 Stop-Loss: 0.1165 (clear invalidation of rejection zone)
🎯 Take Profit Targets:
TP1: 0.0950 — first logical support / liquidity magnet
TP2: 0.0820 — deeper retracement zone and prior breakout area
🔥 Pro Decision:
$SYN is rejecting near overhead supply and struggling to reclaim key pivot levels. A short trade keeps edge as long as price doesn’t reclaim the wick highs. A clean break above and close above 0.1165 means cuts loss fast — no hesitation.
📊 Trade is valid because sellers keep hitting every push up and buyers show fatigue. After big vertical moves, pullbacks back to old breakout levels are normal. Keep eyes on volume expansion on the downside — ideal confirmation for this short.