Looks like $SYN /USDT could be setting up for a fake breakout before the next move lower.
📉 Trade Idea: SHORT
Entry Zone: 0.1368 – 0.1402
Stop Loss: 0.1631
Targets:
🎯 TP1: 0.1201
🎯 TP2: 0.1077
🎯 TP3: 0.0893
Why I'm watching this setup: • RSI on the 15m chart is around 52, showing neutral momentum and no strong buying pressure.
• The 4h timeframe still leans bearish, with a short bias around the 0.1385 area.
• On the daily chart, price remains range-bound, making the 0.1402 resistance zone a likely rejection area.
💭 What's your play? Are you shorting the move into resistance around 0.1402, or waiting for a confirmed breakdown before entering?#synusdt #ChinaUSTreasuryHoldings18YearLow