🚀 $SYRUP Signal: DeFi Breakout or Bull Trap? 📊
$SYRUP Just pulled back from its high of $0.2740 and is now consolidating near $0.2249.
Volume remains strong, but sell-side depth (1.53M) slightly outweighs buy support (1.36M).
Despite heavy outflows, the price structure is still respecting higher lows — cautious optimism is key here.
📈 Trade Setup
🟢 Entry Zone: $0.2210 – $0.2255
💸 Take-Profit (TP): $0.2600 – $0.2740
🛑 Stop-Loss (SL): $0.2130
🔍 Quick Analysis
RSI (1H/15min): Rising toward 50–60 = recovery in momentum
Depth Chart: Slight seller dominance, but still balanced
Trading Data:
More buy orders than sell (820K vs 716K)
Large inflows negative — institutions likely securing profits
Price still above daily open with bullish structure on lower timeframes
⚠️ Risk Note
High volatility after listing — price spikes are common but unstable
Tight SL recommended due to an imbalance in the large wallet flow
Don’t overleverage or chase — let price come to your zone
As always: DYOR and protect your capital
