$SYN 0.3931 entry, floating profit +13.4%, bought at 0.347 last night, now book +854U. Don't chase yet, this 30% big green candle is the meat from short positions being liquidated, from 24h low 0.2964 to 0.4913, now pulled back to 0.3931, the long-short double kill just ended.


My trading plan: add 5% at current price 0.3931, total position controlled at 15%. Stop loss at 0.3520 (200 pips above 24h low), take profit in two targets: first target 0.4400, second target 0.4900. If it breaks below 0.3650, I will reduce to 10% and wait for the next wave.
Two scenarios predicted: First, if the price retests the 0.3700-0.3800 range and holds, it means the market makers have finished washing out, this is the springboard for the second leg up, directly add to 20% to go for a second test of 0.49. Second, if it breaks below 0.3520 with volume, that means the liquidated longs are distributing, I will close positions to lock profits, and wait to re-enter around 0.3000 for the second wave. 24h volume 197M, sufficient turnover rate, indicating hot money is still in the market, hasn't fled.
Operation suggestion: Don't chase now, wait to enter at 0.3700-0.3800. Stop loss below 0.3500, position no more than 20%. Volume has dropped 40% from the peak, indicating selling pressure is being absorbed. Remember, for trading these pump coins, stop loss is more important than direction.
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SYN39.32%
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