After a strong 24% surge since our last analysis, SYRUP is starting to show signs of a potential retracement. This could be a healthy move, offering a chance to reset before a possible continuation higher on the higher time frames.
We’re now closely monitoring the $0.37 support zone, a level that aligns with previous consolidation and demand. If price pulls back and holds this zone, we may see a bullish reversal setup forming—a potential entry point for a spot long trade. Confirmation from candlestick structure or volume would strengthen the case.
📈 Trade Plan:
Entry Zone: $0.37
Take Profit Targets: $0.50, $0.60
Stop Loss: $0.30
We’re now closely monitoring the $0.37 support zone, a level that aligns with previous consolidation and demand. If price pulls back and holds this zone, we may see a bullish reversal setup forming—a potential entry point for a spot long trade. Confirmation from candlestick structure or volume would strengthen the case.
📈 Trade Plan:
Entry Zone: $0.37
Take Profit Targets: $0.50, $0.60
Stop Loss: $0.30
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.