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Eight yuan principal lost down to 400, but I made it through.
This wave bought the dip at $SYN 0.027, now at 0.1185, holding 920,000 in total.
But when it hit a high of 0.14 last week, I didn't sell, only woke up after a 23% pullback.
You think a 105% increase is cool? No operation, just paper wealth.
Looking at the data: 24-hour trading volume is $395 million, circulating market cap is only $110 million, turnover rate nearly 360%, a typical massive washout.
Amplitude from 0.0578 to 0.14 is 120%, this coin pulled up from the bottom,
The funds building positions at 0.12-0.13 haven't sold out yet.
Now the price is stuck at 0.118, just the 50% Fibonacci retracement of the drop from 0.14.
Once volume increases and it stabilizes above 0.12, the second wave will surge straight to 0.168;
If it falls below 0.105, that’s a false breakout, and 0.08 is in sight.
Trading plan:
- Entry: Place a buy order at 0.117 while the current price is 0.1185, add more at 0.112.
Don’t chase high, wait for a pullback confirmation.
- Stop loss: 0.096.
A 15% loss and you must exit, don’t try to hold through.
This washout has killed many, those who chased above 0.12 are still at the top.
- Take profit: First target 0.145, sell half.
Second target 0.168, close all.
Don’t be greedy for the tail.
- Position: within 20% of total funds.
This kind of coin with 20% daily swings, heavy trading, will keep you awake at night.
My label? No pie-in-the-sky promises, just lessons learned from losses.
If you want to copy, follow me. I’ll call out again during the next crash.
Now voting: Do you think $SYN can break the previous high of 0.14 this week? yes/no