💎 SYN has been drawing considerable interest in the market. Presently, it's observed breaking out of a Bullish Pennant pattern. A closer look at the H TF shows that SYN is undergoing a retesting phase at the trendline. This phase is pivotal, as it sets the stage for a probability continuation of the upward movement, with the next target being the bearish OB area.
💎 In the demand zone, it's crucial for SYN to demonstrate a strong rebound. If it merely consolidates without making a significant bounce, there's a risk that SYN could lose this key area. Such a development would potentially lead to a downward trajectory, bringing SYN back towards a substantial support area.
💎 It’s essential for Paradisers to closely monitor these developments, as SYN's response to this retesting phase will be critical in determining its future market direction.
Trade closed: target reached
Bingo! #SYN is dancing to our tune, up 91.14% just like we predicted
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