$SYRUP
1H Trade Setup – Recovery in Progress, Key Resistance Ahead
SYRUP is trading at $0.4438 (+1.58%) after rebounding from the $0.4221 low, signaling early signs of recovery. However, volume remains below the 5- and 10-period moving averages, suggesting the move may lack strong momentum for now. Price is approaching a key resistance zone between $0.4520 and $0.4731.
Entry Zone:
$0.4280 – $0.4430
(Buy on dips within this support band, preferably near the midline)
Targets:
Target 1: $0.463
Target 2: $0.475
Target 3: $0.492
Stop Loss:
$0.416
(Below recent low and key demand area)
Key Levels:
Support: $0.428 / $0.422
Resistance: $0.452 / $0.473
Pivot Level: $0.443
Pro Tip:
A confirmed close above $0.452 with increasing volume could trigger a breakout move toward $0.475 and beyond. If price faces rejection near $0.463, consider trailing your stop-loss or taking partial profits to secure gains.
