SYRUP rose and you want to chase it?
Nothing much — the more SYRUP gets talked down, the more I want to see how solid 0.2100 really is.
Everyone says SYRUP is going to crash, but I actually think 0.2100 has support.
I see this pullback as a shakeout, not the end.
SYRUP is stuck in the 0.2100~0.2219 range, current price 0.2122, RSI 42.7. I’m not betting on a one-way move in this kind of chop; I’ll only follow long if 0.2219 breaks out, and I’ll leave immediately if 0.2100 breaks down. I won’t do anything in between.
Newbies, remember: overbought RSI doesn’t mean an immediate drop, but chasing highs makes getting wicked out more likely; real money is made by waiting for planned entry points, not by chasing emotion.
I trade by plan and admit it when I’m wrong. How are you handling this level?
I’d rather make a little less than get stopped out by a single wick.
#SYRUP #ETH