【$SYN Signal】Long | Healthy Reset After Explosive Breakout

$SYN After a 27% surge in volume, the price is currently consolidating at high levels. The price action indicates healthy profit-taking rather than distribution at the top, with strong buy-side absorption.

🎯 Direction: Long

🎯 Entry: 0.0770 - 0.0790

🛑 Stop Loss: 0.0740 ( Rigid stop loss, invalidates the structure if broken)

🚀 Target 1: 0.0850

🚀 Target 2: 0.0920

$SYN The explosive volume increase is accompanied by a significant rise in open interest, which is a typical sign of institutional entry rather than a short squeeze. After breaking out, the price formed a flag/rectangle consolidation at high levels, with lows not touching the key breakout level, indicating limited selling pressure. Each retracement on the lower timeframe is quickly absorbed, demonstrating micro-strength in the market. Statistically, the first healthy retracement after such a volume breakout has a high probability of continuing the original trend.

Trade here 👇 $SYN

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