Technical Analysis: SYRUPUSDT
Trend:
Clear uptrend — EMA(7), EMA(25), and EMA(99) are pointing upwards. Price is above all moving averages.
RSI (6):
Very overbought — 88.5, indicating a possible correction in the near future.
MACD:
Positive divergence: MACD lines and histogram are rising — confirms the strength of the bullish movement.
Levels:
Resistance: nearest — 0.4300 (currently being tested).
Next strong resistance may be around 0.4500–0.4650, if it breaks through the current zone.
Support: 0.4020 (EMA25) and 0.3870 (local pullback).
Conclusion:
It is now too late to enter a long position, as RSI is at a peak and price is at resistance.
A good entry point for a long position would be on a correction to 0.4020–0.4100.
Short? Only short-term, with a stop above 0.4330, target — return to 0.4100.
Recommendation:
Wait for a correction and take a long position on the pullback, while the trend is clearly bullish. Watch for volume and candles in the 0.4300 zone — if there is a breakout with volume, additional long positions can be added.
