$SYRUP Spot Trading Signal — SYRUP/USDT
Market Overview
SYRUP saw an aggressive wick to $1.0000 before sharply retracing to $0.2459. This is likely a low-liquidity wick (flash spike). Currently consolidating just above key recovery level $0.24 with strong buy-side order book support (64.61% buyers). Momentum might resume if volume stabilizes.
Trade Type: Spot
Entry Zone: $0.2400 – $0.2460
Current Market Price: $0.2459
Targets:
TP1: $0.2650
TP2: $0.2850
TP3: $0.3250
TP4: $0.3850 (only if breakout confirmed with high volume)
Stop Loss: $0.2180 (below volume base and last accumulation)
Key Levels
Support: $0.2180 / $0.1430
Resistance: $0.2850 / $0.3250 / $0.3850
Trend: Neutral – Reversal potential
Volume Note: 54M SYRUP traded in 24h, high volatility possible
Risk-Reward Ratio: ~1:1.5 to 1:3
Strategy: Ideal for high-risk scalpers & momentum traders. Use tight SL due to flash spike volatility. Re-enter only if it breaks above $0.2650 with volume.