🔥 $SYRUP Long Liquidation Alert: $1,454.4 at $0.3818 — What's Next?
A major long liquidation just rocked $SYRUP at the $0.3818 level, wiping out over $1.45K worth of long positions. This sudden shakeout could be the start of something massive — either a deeper drop or the groundwork for a powerful reversal.
Let’s break down the technical setup you need to know:
Technical Analysis and Trade Setup
Current Price Range: Hovering near $0.3818 post-liquidation
Trend Bias: Bearish in the short-term, potential reversal brewing
Buy Zone (Accumulation Area):
$0.3660 – $0.3780
This is a high-reward area where smart money may be accumulating post-liquidation.
Watch for consolidation here with decreasing volume, a bullish divergence on RSI or a breakout from falling wedge.
Target Levels:
1. First Target (T1): $0.4025 — minor resistance and previous breakdown point
2. Second Target (T2): $0.4280 — where major volume came in previously
3. Final Target (T3): $0.4575 — likely liquidation zone for trapped shorts
Stop-Loss:
Below $0.3615
A clean break below this level would invalidate the reversal thesis and signal continuation of the downtrend.
Conclusion:
The recent $SYRUP long liquidation at $0.3818 could be a classic "shakeout before breakout". Smart entries near the $0.37 zone, paired with a solid risk-to-reward strategy, could yield significant upside. Stay sharp — the volatility is just beginning.
