technical breakdown for $SYRUP /USDT Perpetual Contract:

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📉 SYRUP/USDT Market Snapshot

Last Price: $0.59919

Mark Price: $0.59911

24h Change: +1.25% (Mild bullish momentum)

24h High / Low: $0.62884 / $0.57860

24h Volume:

SYRUP: 226.46M

USDT: 136.63M

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📊 Technical Indicators

MA(5): 38.37M

MA(10): 40.42M

Volume: 27.4M (slightly below moving averages → caution on momentum)

Trend: Short-term bullish recovery, but range-bound

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🔍 Support & Resistance

Support Levels:

$0.57860 (24h low, strong near-term support)

$0.55457

Resistance Levels:

$0.61277 (minor resistance)

$0.62884 (24h high)

$0.65775+

$0.67098 (major resistance)

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💡 Trade Setup Ideas

🟩 Long Strategy (Breakout/Support Bounce)

Entry: $0.595–$0.600

TP1: $0.612

TP2: $0.628

SL: $0.578

🟥 Short Strategy (Rejection at Resistance)

Entry: $0.628–$0.632

TP1: $0.600

TP2: $0.580

SL: $0.638

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⚠️ Notes

Price is hovering just below intraday resistance, so watch for volume confirmation before breakout trades.

If bulls hold $0.599 as support, a retest of $0.628 is likely.

A break below $0.578 could trigger a larger pullback toward the $0.55 zone.

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