$SYN Watch for short opportunities. The market is now looking at an upward breakout, but I think a rejection pattern has already started forming under the surface.

The large-scale short structure remains intact. The daily chart has been stuck in a range, and it’s currently being rejected right around the supply zone from 0.18784 to 0.18895. Take a look at the 15-minute chart: RSI is around 44, and there’s still plenty of room for the short side to push downward—it's not oversold. Also, 15-minute volume is up 1.42x, which is real selling pressure, not noise.

You can watch this area. The first target could be 0.18439 or even lower. Place the defense around 0.19373. Do you think this is a short trap or a straightforward rejection? Manage risk in your execution—don’t go in too aggressively.