$SYRUP VOLATILE BOUNCE OR FAKEOUT? EYES ON THE BREAKOUT ZONE
SYRUP is currently trading at $0.3592, down -11.31% over the past 24 hours. After hitting a low of $0.3435, the price staged a strong rebound but is now facing pressure near resistance. With volume sitting at 318.47K, traders are eyeing this consolidation for a potential breakout or reversal.
Key Levels to Watch:
• Immediate Resistance: $0.3655
– A breakout above this could ignite short-term bullish momentum.
• Support Zone: $0.3535
– Holding above this is crucial for maintaining upward momentum.
Trade Setup – Expect High Volatility
Bullish Scenario:
If SYRUP breaks and holds above $0.3655, upside targets are:
• TP1: $0.3700
• TP2: $0.3730
• TP3: $0.3800
Bearish Scenario:
A rejection and break below $0.3535 may lead to:
• TP1: $0.3470
• TP2: $0.3435 (24h low)
Stop-Loss Strategy:
• Longs: Below $0.3535
• Shorts: Above $0.3655
SYRUP is at a key decision point with a strong bounce but tight consolidation. The next move will likely define short-term direction. Stay ready for swift momentum shifts.