MyCryptoParadise_Nathan

SYS Preparing for the Next Big Move, Syscoin Analysis Today

Long
BINANCE:SYSUSDT   Syscoin / TetherUS
πŸ’Ž SYS is on the verge of breaking out from a descending channel upwards and is currently positioned just below the Point of Control (POC) of the Volume Profile Visible Range.

πŸ’Ž At the moment, this POC is posing a minor resistance, but it's likely to transform into support once we clear the channel.

πŸ’Ž It's worth noting that SYS could potentially revisit the channel's trendline before making its upward move – so both outcomes are in play.

πŸ’Ž Furthermore, with SYS situated in a zone of high demand, the bullish sentiment seems even more plausible.

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