šØ $SYRUP /USDT ā BEARS IN CONTROL! POTENTIAL SHORT TRADE OPPORTUNITY UNFOLDING šØ
$SYRUP is currently under heavy selling pressure, dropping -4.97% in the past 24 hours. The price action on the 1H chart clearly shows a bearish structure, marked by lower highs and lower lows, confirming downward momentum.
After peaking at $0.6288, the pair has steadily declined, recently tapping a 24H low of $0.5604. The brief bounce to $0.5734 appears weak, indicating a possible continuation of the downtrend.
TECHNICAL INSIGHTS
ā Price is trading below key resistance of $0.5871
ā Volume remains relatively stable, showing no bullish breakout signals
ā The latest candle shows rejection from the $0.5750 zone
TRADE SETUP (SHORT POSITION):
š¹ ENTRY: $0.5750 (after a minor pullback)
š¹ STOP LOSS: $0.5900 (above last consolidation zone)
š¹ TARGET 1: $0.5550
š¹ TARGET 2: $0.5400 (if breakdown continues)
ā ļø Risk management is crucial. Monitor closely for any bullish reversal signals before entering.
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