🔻 $SYRUP / Bearish Retracement for USDT Trading!
The price of $SYRUP has just hit the resistance level of $0.4622, strongly rejecting with a bearish engulfing candle on the thirty-minute chart. The lower high confirms the entry of weak sellers.
📍 Set up a short sell trade
• Entry: $0.4450 - $0.4520
• Take Profit Point 1: $0.4300
• Take Profit Point 2: $0.4160
• Take Profit Point 3: $0.4020
• Stop Loss: $0.4605
⚙️ Structure: Bearish Engulfing + Lower High = Trend Exhaustion
🧠 Watch for weakness in trading volume or the appearance of rejection wicks in the entry area before opening the short sell trade. Keep the stop loss tight, as volatility is high!