SYNUSD trade ideas
$SYN Run it back turbo - Target $1-$1.08?Think we largely saw a fakeout in the crypto market which led many to believe that the bearish turn is here. However, I think we have one more push up in many coins that haven't already touched their 200DMA.
$SYN meets that criteria. I think we're likely to see one more push up from here for a potential 25-35% gain.
I'm looking to be fully out of all crypto positions by the 24-25th of next week - as I do think that's when we will see a turn lower. If this move doesn't play out by then, or if it falls below $.74, then this move would be invalidated.
Let's see how it plays out.
SYN Synapse is about to go on a run.SYN could rally by as much as 115% after taking out resistance at $0.70.
SYN is trading for $0.882, nearly a 20% increase on the day.
SYN short to .41-.42c But Don't Sleep on this projectNot financial advice.
I'm a huge fan of this protocol
It's like ATOM on Steroids.
Please compare Marketcap of these 2 projects and it can be easily seen how when the markets turn around this is one you want in your portfolio.
But under current conditions.
We must double bottom here I believe at .41-.42c and if that level doesn't hold I'd look for .30-.33 entry.
Again one you want on your radar for the future.
#PIK
Patience is Key
#TLAW
Think Like A Whale
SYN - Lower Channel In-boundSYN has had positive momentum lately.
The broader crypto market will likely have a strong influence over the future patterns of this asset.
A small pullback is expected here -- looking for a recovery bounce off of the lower bound of the channel.
