๐ด $SYRUP SHORT SETUP โ THIS SUPPLY BLOCK IS ABOUT TO CRACK! ๐
Entry: $0.1615 โ $0.1630 โก
Target: $0.1580 / $0.1540 / $0.1505 ๐ฏ
Stop Loss: $0.1650 โ ๏ธ
๐ Price is pressing into a weekly supply zone that has rejected every retest since inception, and the most recent rally into $0.1630 looks like a classic liquidity grab โ sweeping resting buy-side stops before the next leg down. ๐ Volume on the 1H shows sellers absorbing every bounce, while the daily RSI rolls over from overbought territory, aligning with the broader marketโs risk-off tilt.
๐ The trade is simple: defend the level that built the last high, and let the cascade target deep inefficiencies below. The risk-to-reward on the first target alone sits near 1:2, expanding handsomely toward the lower zones. ๐ฌ Are you fading this bounce, or do you see momentum holding above $0.1650? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #SYRUP #ShortSetup #Bearish #Crypto #TechnicalAnalysis
๐ด ๐ฏ
Entry: $0.1615 โ $0.1630 โก
Target: $0.1580 / $0.1540 / $0.1505 ๐ฏ
Stop Loss: $0.1650 โ ๏ธ
๐ Price is pressing into a weekly supply zone that has rejected every retest since inception, and the most recent rally into $0.1630 looks like a classic liquidity grab โ sweeping resting buy-side stops before the next leg down. ๐ Volume on the 1H shows sellers absorbing every bounce, while the daily RSI rolls over from overbought territory, aligning with the broader marketโs risk-off tilt.
๐ The trade is simple: defend the level that built the last high, and let the cascade target deep inefficiencies below. The risk-to-reward on the first target alone sits near 1:2, expanding handsomely toward the lower zones. ๐ฌ Are you fading this bounce, or do you see momentum holding above $0.1650? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #SYRUP #ShortSetup #Bearish #Crypto #TechnicalAnalysis
๐ด ๐ฏ
