$SYRUP /USDT BEARISH REVERSAL IN PLAY AFTER LOWER HIGH CONFIRMATION
$SYRUP /USDT has printed a clear lower high at 0.4109, rejecting strong resistance with declining bullish pressure. The price action shows a loss of momentum, accompanied by fading volume and a weakening MACD crossover on the 15-minute chart. This indicates a potential short opportunity as bears regain control.
Candles are consolidating just below the short-term MAs, suggesting limited upside while the downside opens up toward previous support levels.
TRADE SETUP:
Entry (Short): 0.4040
Take Profit 1: 0.3980
Take Profit 2: 0.3920
Take Profit 3: 0.3860
Stop Loss: 0.4105
Risk Management: Stick to 2% risk per trade. Always use a stop loss. Reassess trade if price closes above 0.4105 on strong volume. Perfect setup for intraday traders watching rejection at resistance.
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