$SYRUP Just Triggered a Short Liquidation Surge at $0.3484 Worth $4.02K – Bulls Are Awakening
A powerful signal has just echoed through the market. With short liquidations hitting $4.02K at the $0.3484 level, $SYRUP is showing signs of a potential bullish reversal. The tide might be turning, and early movers could reap the rewards.
Technical Analysis:
Buy Zone:
$0.3340 – $0.3480
This zone is crucial. Price recently pushed through key short liquidation levels, indicating short pressure is being wiped out. If $SYRUP re-tests this range, it could provide an optimal entry for a rally.
First Target: $0.3720
Second Target: $0.3980
Moon Target: $0.4270
These targets are mapped based on historical resistance levels and the volume gap seen post-liquidation. A breakout past $0.3720 could fuel momentum traders to push the price higher into uncharted short zones.
Stop Loss:
$0.3225
A clean invalidation below recent structure lows. If price closes below this, the bullish momentum may be fading, and short sellers could regain control.
Sentiment Outlook:
The sudden liquidation suggests shorts were overconfident, possibly overleveraged. This is often the prelude to a shift in market structure. If volume sustains and buyers hold the current zone, we may witness a trend reversal.