With the recent listing of SYRUP, the governance token of Maple Finance, many users are looking for safe ways to trade this emerging altcoin. Below, we present an ideal conservative strategy to manage risk and leverage its potential.
What is SYRUP?
SYRUP is the token of the Maple Finance protocol, a DeFi platform focused on providing institutional loans without requiring collateral, primarily operating on Ethereum and Base. Binance has labeled it as a Seed Tag, indicating higher risk but also high innovation.
Step-by-Step Strategy
1. Wait for initial stabilization
Avoid trading immediately after the launch. Wait 2-5 days to detect key price levels (support and resistance).
2. Staggered purchase (DCA)
Divide your capital into equal parts (for example, 4 of 25%) and buy progressively:
Example with $100:
Initial purchase of $25.
Buy $25 if it drops 10%.
Buy $25 if it drops 20%.
Leave $25 as reserve or to sell if it rises quickly.
3. Profit management
Sell 30% if the price rises 30% from your average price.
Sell another 30% if it rises 50%.
Keep the rest or evaluate a later profit-taking.
4. Stop-loss to limit losses If the price falls more than 30% from your average entry point, exit the trade.
5. Controlled risk Do not use more than 2-5% of your total portfolio on this trade, due to the volatile nature of the token.
Conclusion
SYRUP is a token with strong potential in the institutional DeFi sector, but like any emerging altcoin, it requires discipline, strategy, and risk control. This guide provides you with a solid foundation to trade safely from Binance.
