$SYRUP in Freefall – Watch This Support Zone Closely
$SYRUP is trading at $0.4345, down over 8% today and firmly locked within a steep descending channel. The price action remains weak, printing consistent lower highs and lower lows. However, it’s now approaching the bottom of the channel, where short-term buyers may attempt a bounce. A rejection here could spark further downside, while a bullish breakout above the upper boundary would signal a reversal.
Trade Setup (Reversal Play):
• Entry Zone: $0.4320 – $0.4360
• Stop Loss: $0.4260
• TP1: $0.4480
• TP2: $0.4590
• TP3: $0.4720
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