๐จ $SYRUP Long Liquidation Alert: $1,454 Wiped at $0.3818 โ Whatโs Next?
A sharp long liquidation hit $SYRUP at $0.3818, wiping out $1.45K in positions. This could be a key turning point โ either a deeper drop or the start of a major bounce.
๐ Technical Breakdown:
๐ Trend:
Short-term: Bearish
Watching for signs of a potential reversal
๐ Key Buy Zone (Accumulation Area)
$0.3660 โ $0.3780
High-reward zone for accumulation
Look for bullish RSI divergence, falling wedge breakout, or low-volume consolidation
๐ฏ Target Levels:
T1: $0.4025 โ minor resistance / previous breakdown
T2: $0.4280 โ prior high-volume zone
T3: $0.4575 โ potential squeeze zone for trapped shorts
๐ Stop-Loss:
Below $0.3615
A clean drop below this level could confirm more downside.