$SYRUP /USDT – Short Trade Setup (1h Timeframe)

Current Price: 0.4427

Resistance Level: 0.4731

Support Level: 0.4189

Entry Zone for Short: 0.4450 – 0.4550

Trade Targets:

TP1: 0.4300

TP2: 0.4210

TP3: 0.4050 (final target)

Stop Loss: Above 0.4735

Analysis:

SYRUP is showing weakness after being rejected near 0.4731. The price has dropped below multiple short-term supports and is now struggling to stay above 0.4420. This signals potential for continued downside.

What to Watch:

If SYRUP fails to reclaim 0.4550 and volume increases on red candles, the bearish trend may continue. Short entries around 0.4450 – 0.4550 offer good risk-reward for both futures and spot traders. A strong breakdown below 0.4210 can lead to further drops.