🚨 LISTEN UP — $SYCP/USDT SHORT SETUP IS DEVELOPING
A lot of traders are waiting for a bounce here, but I’m watching the opposite scenario. $SYCP is trading inside a range-bound structure, and price is approaching a key resistance area where a rejection could trigger another move toward the lower side of the range.
The important part is confirmation. I don’t want to blindly short the market — I’m looking for price to reject the 145.80–146.22 zone and start forming lower highs on the lower timeframe.
📉 TRADE PLAN
🔹 Entry: 145.80 – 146.22
🛑 Stop Loss: 150.88
🎯 TP1: 142.35
🎯 TP2: 139.92
🎯 TP3: 136.26
🔍 WHY I’M WATCHING THIS SETUP
The higher-timeframe structure is still choppy/range-bound, which means resistance reactions become important. If buyers fail to reclaim the upper zone, sellers can step back in and push price toward the middle and lower parts of the range.
The key trigger is simple:
Resistance rejection → lower high → bearish continuation.
If price instead breaks and holds above the invalidation area, I would consider the short thesis invalid rather than forcing the trade.
⚠️ This is my personal market analysis, not financial advice. Manage risk, avoid over-leverage, and DYOR.
What do you think — TP2 or breakout above resistance? 👀👇
#SYCP #Crypto #trading #futures #TechnicalAnalysis
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