$SYN Watch for short opportunities. The market is bullish right now, but I think this could be a bull trap.

The current 4-hour bearish structure is still intact, and on the daily chart there is clear sell pressure rejection in the range from 0.22311 to 0.22502. On the 15-minute timeframe, the RSI is around 55, momentum is fairly neutral, and there’s still plenty of room for downside. Also, the 15-minute trading volume has increased by 1.2x—real sell orders have already started to step in.

You can watch how price behaves around 0.223 to 0.225; it may then test 0.217 and possibly even 0.205. For a defensive level, you can refer to 0.23321. Everyone, pay attention to risk—don’t go in too heavy, and set a stop loss.