$SYRUP / USDT Potential Short Reversal Trade Setup
Setup: Potential Short Reversal after a massive pump and testing extreme resistance.
Entry: $0.2400 - $0.2410 (around the current price, looking for strong bearish confirmation)
Stop Loss: $0.2500 (conservatively above the current level, given the volatility)
Targets:
* $0.2000 (previous resistance turned potential support)
* $0.1800
* $0.1600
Confirmation:
* Strong bearish candlestick forming after the rejection from $1.00.
* Significant decrease in buying volume.
* Price breaking below short-term support levels.
Risk/Reward: Highly favorable, but extremely risky due to the nature of the pump.
Leverage: 1x-2x ONLY (EXTREMELY HIGH VOLATILITY - manage risk with utmost caution)
Watch for: Strong bearish momentum to confirm the reversal. Be extremely cautious and prepared for violent swings. This type of price action is highly speculative.
Trade here: click $SYRUP
#SYRUP #ShortSetup #BearishReversal #CryptoTrading #DeFi #HighRisk