๐ $SYRUP Signal: DeFi Breakout or Bull Trap? ๐
$SYRUP Just pulled back from its high of $0.2740 and is now consolidating near $0.2249.
Volume remains strong, but sell-side depth (1.53M) slightly outweighs buy support (1.36M).
Despite heavy outflows, the price structure is still respecting higher lows โ cautious optimism is key here.
๐ Trade Setup
๐ข Entry Zone: $0.2210 โ $0.2255
๐ธ Take-Profit (TP): $0.2600 โ $0.2740
๐ Stop-Loss (SL): $0.2130
๐ Quick Analysis
RSI (1H/15min): Rising toward 50โ60 = recovery in momentum
Depth Chart: Slight seller dominance, but still balanced
Trading Data:
More buy orders than sell (820K vs 716K)
Large inflows negative โ institutions likely securing profits
Price still above daily open with bullish structure on lower timeframes
โ ๏ธ Risk Note
High volatility after listing โ price spikes are common but unstable
Tight SL recommended due to an imbalance in the large wallet flow
Donโt overleverage or chase โ let price come to your zone
As always: DYOR and protect your capital
