$SYRUP /USDT BEARISH REVERSAL — PRESSURE BUILDING BELOW SUPPORT LEVELS
$SYRUP has dropped by over 5.6% in the last 24 hours, currently trading at $0.4212 after failing to hold above $0.4371 (SAR resistance). A series of lower highs and increasing volume suggest bearish momentum is picking up, especially with RSI near oversold and MACD weakening. Price is hovering just above key support at $0.4093, and any breakdown below this could trigger further downside.
Trade Setup: (Short)
Entry: $0.4200 – $0.4270
Take Profit (TP): $0.4050 / $0.3910
Stop Loss (SL): $0.4390
Market Outlook:
Bearish bias persists as SYRUP struggles to reclaim the mid-range resistance. If $0.4093 is breached with volume, expect a quick slide toward $0.39. Traders should watch for volume spikes and SAR confirmation to strengthen short positions.
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