$SYRUP Quick technical analysis: SYRUP/USDC (15min) and Trade proposal SYRUPUSDC #Syrup
Current price: 0.3767 USDC
24h variation: +0.88%
24h volume (SYRUP): 16.74M
Technical points:
Support tested around 0.3670, with a clear bounce visible on the last green candle.
Short-term resistances:
0.3780-0.3810 (Zone of MAs 25 and 99)
Then: 0.3920, last local peak.
The short-term moving averages (MA(5), MA(7)) are crossing upwards, potential bullish signal.
The MACD is starting to recover, with a slight bullish divergence. This could signal a short-term reversal.
Volume is increasing on the bounce candle, which reinforces the validity of the support.
Proposed OCO strategy:
1. Limit sell order (Take Profit):
Limit price: 0.3910
(just below the resistance at 0.3920 to maximize execution chances)
2. Stop-limit sell order (Stop-Loss):
Trigger price (stop): 0.3660
Limit price: 0.3645
(just below the tested support at 0.3670, to limit losses if the market falls)