$SYRUP AT A TIPPING POINT – BREAKOUT OR ANOTHER DROP?
$SYRUP/USDT is hovering near $0.2210, after pulling back from its daily high of $0.2519. Price is now consolidating in a narrow range, just above a key demand zone. Buyers are attempting to defend the area, but momentum remains fragile.
Key Levels to Watch:
• Resistance Zone: $0.2300 – $0.2340
A breakout above this could revive bullish sentiment and open the door to a push toward the $0.2450 level.
• Support Zone: $0.2180 – $0.2200
A breakdown here could lead to further downside toward $0.2100 or even $0.1980.
Trade Setup – Prepare for High Volatility
Bullish Entry: Above $0.2300
• TP1: $0.2390
• TP2: $0.2450
Bearish Entry: Below $0.2180
• TP1: $0.2100
• TP2: $0.1980
Stop-Loss: Tight SL above resistance for shorts, and below $0.2180 for longs to reduce risk.
Volume shows a mixed profile, but with 61.62% buy-side pressure in the order book, short-term buyers may still have a shot—keep your eyes on that $0.2300 breakout line!