$SYRUP USDT SHOWING BEARISH SIGNS AFTER STRONG RALLY — COOLING OFF BEFORE NEXT MOVE?
Current Price: 0.4628
24h Change: -4.50%
24h High / Low: 0.4895 / 0.4570
Key Technical Levels:
Resistance Levels: 0.4750, 0.4850, 0.4895
Support Levels: 0.4570, 0.4500, 0.4400
After a strong 30-day run of over 55%, $SYRUP USDT is starting to show weakness with a -4.5% drop today. The price is pulling back from the resistance zone near 0.4895, and lower highs on the 1h chart suggest potential short-term correction.
Trade Setup (Short Entry):
Entry: 0.4620–0.4650
Take Profit (TP): 0.4570 / 0.4500 / 0.4400
Stop Loss (SL): 0.4760
Market Outlook:
SYRUP has seen a massive pump over the past month, but now appears to be entering a correction phase. Unless it regains 0.4750 with strong buying volume, bears could take control for a short-term dip. High volume suggests active profit-taking.
Risk Management:
Use tight SL due to volatility. Only risk 1–2% per trade. Wait for confirmation candle before entering. Avoid chasing late shorts; enter near resistance zones.
