MyCryptoParadise

SYN/USDT Need to break the resistance or reject continue down!

BINANCE:SYNUSDT   SYN / TetherUS
πŸ’Ž SYN has recently witnessed significant developments in the market. SYN faced a formidable obstacle in the form of a hard rejection after reaching the Bearish OB area.

πŸ’Ž Its current stance suggests an intention to retest the resistance level. Success in reclaiming the price above this resistance could trigger an attempt to break out of the Bearish OB area. Furthermore, a successful breakout could probability facilitate an easier path for SYN to reach our target in the strong supply area.

πŸ’Ž However, should SYN encounter resistance at the 0.765 level and fail to breach it, the price may continue its downward trajectory, possibly reaching the demand area. It's noteworthy that SYN has bounced off this area successfully on two previous occasions in its trading history.

πŸ’Ž If SYN, while at the demand area, struggles to maintain its position and experiences a breakdown, this could signal a return to bearish sentiment and potentially result in further downward movement.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?

Join FREEπŸ‘‰ t.me/+QwK2mkoTGBU0Nzc0

πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰ shorturl.at/ikpAV
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.