Big Shakeout on $SYRUP !
$2,053.9 Liquidated at $0.3504 – The Bulls Just Took a Hit!
The market just witnessed a major long liquidation event on $SYRUP — over $2K worth of longs were wiped out at $0.3504, signaling a potential reversal zone or a trap for impatient bulls.
But is this the bottom? Let’s dive deep:
Technical Analysis:
Buy Zone:
$0.3360 – $0.3480
This is the accumulation range where smart money might be loading up after the panic wick. Strong support historically exists here.
Immediate Resistance Zone:
$0.3650 – $0.3720
Breakout here could ignite momentum buyers and trigger a rally.
Short-Term Target:
Target 1: $0.3750
Target 2: $0.3925
Target 3 (FOMO Zone): $0.4200+
Stop-Loss:
$0.3315 (Hard invalidation)
Below this, bullish structure breaks. Be cautious.
What This Means:
The long liquidation at $0.3504 could be the final shakeout before a bounce. If this zone holds, expect a strong reversal rally. But don’t chase, wait for confirmation candles and volume spikes before entering.
