$SYRUP Bulls Just Crushed a Major Barrier at $0.4311 – What’s Next?
The bears got squeezed hard as $1,262.2 in shorts were liquidated right at $0.4311, signaling a possible reversal point for $SYRUP. When short positions get liquidated, it often points to an incoming bullish surge as sellers get trapped and forced to buy back higher. This level could become the new battleground.
Here’s the strategic breakdown if you're watching $SYRUP for the next big move:
Buy Zone
$0.4140 to $0.4280
This is the accumulation pocket where buyers may reload. Any dip into this range could be the calm before the storm.
Targets
Target 1: $0.4530
Target 2: $0.4725
Target 3 (Breakout Zone): $0.4970
Once above $0.4970, momentum could snowball fast toward the psychological barrier at $0.50+.
Stop Loss
$0.4060
A decisive breakdown below this level may invalidate the bullish setup and signal short-term weakness.
Market Sentiment
The liquidation shows signs of panic selling among bears. This move creates a pressure valve scenario – any sustained buying from here could lead to explosive upside.
Stay sharp. When the shorts fall, momentum often flies.