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$SYN It surged from 0.258 to 0.491 in 24 hours, then crashed back to 0.363, with a trading volume of nearly $200 million. Don't touch this thing—volatility is 197%, can your heart handle it? Those who chased highs the day before yesterday now have an average price of 0.44, stuck 18% in the position. On-chain data shows whales dumped 1.2 million coins above 0.45, with retail bag holders accounting for 67%.
Want to play? Wait for a retrace to the 0.32-0.34 range, go long with a light position, and set a stop loss below 0.30. Don't be greedy with take profit—first target 0.40, second 0.43. Position size should not exceed 3% of total capital. On-chain turnover rate spiked to 58%; this wave is purely hot money harvesting retail, with no fundamental support.
Don't ask me if I'm bullish—I have no positions. I'll wait until everyone has been cut, then I'll pick up the scraps. I'm an old hand on Gate, specializing in curing FOMO addiction.