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