$SYRUP /USDT BEARISH BREAKDOWN – SHARP DROP BELOW DEMAND ZONE!
$SYRUP has plunged over -11% in the past 24 hours, slicing through the $0.3800 support with increasing volume. The price action on the 1H chart reflects a clean lower high formation and sustained selling pressure after the $0.4190 local high. With $0.3700 now acting as intraday resistance, bears remain in control and further downside is likely if the trend continues.
Trade Setup (SHORT):
Entry Price: $0.3720 – $0.3790
Target 1: $0.3520
Target 2: $0.3340
Stop Loss: $0.3870
Why Short?
After failing to reclaim the $0.4000 area, SYRUP confirmed a bearish reversal with a breakdown below short-term support. Increased sell volume and failed recovery attempts indicate a lack of bullish momentum. As long as the price remains under $0.3800, short entries on bounces remain favorable.
Risk Management Tip:
Don't overleverage — bearish breakdowns can retrace quickly. Maintain SL discipline and consider scaling out profits as targets approach.
Sell smart — don’t chase green candles when the trend is turning red!
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