$SYRUP Showing Bearish Structure After Supply Rejection
$SYRUP faced a strong rejection around the 0.240 – 0.245 supply zone, and since then the price has started forming a clear bearish structure. The breakdown was followed by consistent lower highs, which indicates sellers are still controlling the market.
Right now the price is trading near 0.222. If the 0.220 support level breaks, we could see further downside as liquidity sits below.
📉 Trade Setup
Short
$SYRUP Entry: 0.221 – 0.230
TP1: 0.215
TP2: 0.208
TP3: 0.198
The price attempted to recover but failed to reclaim the 0.230 – 0.235 resistance zone after the breakdown. This shows that every small bounce is being sold into, keeping the momentum weak.
As long as 0.235 remains resistance, the probability still favors a move toward the lower liquidity zones.
Let’s see how price reacts around 0.220. A clean break could accelerate the move downward.
What’s your view on Syrup right now? 📊
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