$SYN Synapse Protocol. Time to take the plunge.
Quick video covering a Synapse trade. Not a lot of data on this one via TradingView as it was listed only recently at several tier 1 exchanges.
It could be very distracting looking at the 4H triangle breakdown, and context is important from the OBV and other time frames.
Here's the TLDR:
$2-$2.1 is a very strong area of support. Clear invalidation below.
Historically this is a good range, and we're at the bottom of it, ready to potentially create a double bottom or higher low.
Take profits are easy at 15%, 25%, 50%, making the R/R excellent vs the loss from the invalidation.
Good luck and good hunting.
It could be very distracting looking at the 4H triangle breakdown, and context is important from the OBV and other time frames.
Here's the TLDR:
$2-$2.1 is a very strong area of support. Clear invalidation below.
Historically this is a good range, and we're at the bottom of it, ready to potentially create a double bottom or higher low.
Take profits are easy at 15%, 25%, 50%, making the R/R excellent vs the loss from the invalidation.
Good luck and good hunting.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.