$SYRUP /USDT is approaching a strong resistance at $0.5553 after a +4.35% rally from the 24h low. Current price is $0.5498, with moderate volume at 52.47M SYRUP / $27.85M USDT—suggesting potential exhaustion. The price action near resistance, paired with weakening RSI (4H), indicates a possible bearish reversal.
Entry Zones: Optimal short entry lies between $0.5480 and $0.5530, ideally after a bearish candlestick confirmation below resistance. A more aggressive entry is a break below $0.5400, confirming downside momentum.
Take-Profit Targets: TP1 is $0.5300 (first support), TP2 is $0.5180 (next liquidity pocket), and TP3 is $0.5096 (24h low retest).
Stop Loss: Place SL at $0.5580 (above resistance), or tighter at $0.5550 for scalping strategies.
Confirmation & Risk Management: Look for a red candle close below $0.5480 with rising volume and RSI (4H) rolling over from above 60.
If SYRUP convincingly breaks $0.5553, the short setup is invalidated—exit or reassess. As SYRUP is a low-cap token, use tight risk controls and small position sizing.
This setup offers a risk-reward ratio of 1:2 or better. Focus on fast execution, secure profits at TP1, and trail stop-loss orders to protect capital. Monitor Bitcoin’s trend—weakness in BTC often accelerates altcoin drops.
Trade here 👉🏻 $SYRUP