Price Structure $SYRUP

$SYRUP Major breakout from the area $0.40 → $0.65 (rebound from bottom 0.39318).

Currently, the 4-hour candle is retracing from local resistance at $0.65775.

The area $0.58–$0.60 becomes a short-term support zone for testing buyer strength.

💰 Order Book & Market Sentiment:

Buy: 18.93% vs Sell: 81.07% ⛔ → Overbought market, potential for increased technical correction.

24-hour Volume: 396.34M SYRUP → High volume, good liquidity.

🔍 Trend Indications:

Today: +8.01%

7 days: +18.79%

30 days: +33.38%

> Confirmation of a strong bullish trend in the short to medium term.

⚠️ Warning:

Selling volume has increased significantly and the first red candle appears after the vertical upward trend.

There is potential for a pullback to the area $0.575–$0.58 for a retest of MA-7.

🎯 Trading Strategy:

✅ Bullish Scenario (continuation of uptrend):

Ideal entry: in the area $0.58–$0.60 (bounce from MA7)

TP1: $0.645

TP2: $0.70 (fibo extension)

SL: $0.565 (below MA-7)

🚨 Bearish Scenario (short reversal):

If breakdown < $0.575 (MA7), then potential correction to:

$0.53 (previous demand zone)

$0.485 (MA25 as medium support)

✅ Conclusion:

The trend is still very bullish, but currently entering a healthy technical correction phase.

Beware of the next red candle. If the 4-hour candle closes < MA7, then consider exit or reentry lower.

Large volume and trend are still dominant, so scalping & swing buying opportunities at support are very attractive.$SYRUP