$SYRUP /USDC – STRONG PULLBACK INTO EMA99 SUPPORT ZONE
AFTER PEAKING AT $0.6583, PRICE RETRACES SHARPLY
EMA99 ($0.5881) PROVIDING IMMEDIATE SUPPORT
SIGNS OF A POTENTIAL BOUNCE FORMING
$SYRUP /USDC dropped aggressively after a parabolic rally, hitting support near $0.5907 – right at the 99 EMA. The current candle shows rejection from the lows, indicating early buyer interest.
🟢 LONG TRADE SETUP
Entry Zone: $0.5950 – $0.6000
Take Profit (TP): $0.6220
Stop Loss (SL): $0.5860
Market Outlook: A bounce from EMA99 could lead to a recovery phase if price reclaims the 7 EMA. Watch closely for a bullish engulfing or volume spike to confirm upside.
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