$SYRUP BREAKING DOWN – BEARS TAKE CONTROL!
$SYRUP has plunged to $0.4057, down -8.54% in the last 24 hours. After repeated rejections near the $0.4200 zone, price has now broken below a key support, confirming bearish momentum as sellers dominate the move.
Key Technical Levels
• Immediate Resistance: $0.4100 – $0.4200 — Former support turned resistance zone.
• Fresh Breakdown Support: $0.4010 – Daily low, now under threat.
Trade Setup – Watch for Either Breakdown Extension or Fakeout Reclaim
Bearish Continuation Setup:
If SYRUPstays below $0.4100:
• TP1: $0.4010
• TP2: $0.3900
Bullish Recovery Setup:
If SYRUP reclaims $0.4120 and flips resistance:
• TP1: $0.4200
• TP2: $0.4315
Stop-Loss Strategy:
• Shorts: SL above $0.4125
• Longs: SL below $0.4000
$SYRUP is slipping fast—unless buyers step in soon, the next leg lower may accelerate.