📉 $SYRUP /USDT – Short Setup Near Resistance Zone
$SYRUP is showing signs of exhaustion after a relief bounce, with price facing strong resistance between $0.67 and $0.59. The 4H chart reveals lower highs forming and declining volume — a potential precursor to another leg down if support breaks.
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🟥 SHORT Entry Zone:
$0.6700 – $0.5900
🎯 Take Profit Targets (TP):
1. $0.5500
2. $0.5100
3. $0.4680
4. $0.4200
5. $0.3850+
🛑 Stop-Loss (SL):
$0.6850 (above recent swing high)
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📊 Technical Notes:
RSI trending lower despite flat price — hidden bearish divergence
Price testing prior breakdown zone
Bearish EMA crossover forming on 4H
Failure to reclaim $0.67 suggests weakness
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📝 Note: Confirmation below $0.5900 with increased volume would validate bearish continuation. Stay cautious if BTC rebounds strongly, as altcoins may follow.
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