$SYRUP /USDT – Rebound is weak, short positions are being positioned 🩸📉
After a quick rally to 0.4385, $SYRUP has begun a rapid decline. Lower highs are forming, candlestick patterns are stacking up, and the Stochastic RSI is flat near oversold levels—a stark contrast to the rebound bulls were hoping for.
{future}(SYRUPUSDT)
📌 Current Price: 0.4172
📉 Structure: Failed breakout, forming a descending channel
🟡 Stochastic RSI: 8.56 – No reversal momentum yet
📊 Trade Setup (Short):
• Entry Range: 0.4180 – 0.4200
• Target 1: 0.4050
• Target 2: 0.3975 (recent low)
• Target 3: 0.3840
• Stop Loss: 0.4280
⚠️ Trend Analysis:
Volume is shrinking, and bulls are lacking follow-through. If the price breaks down strongly below 0.4100, a pullback to test the 0.3975 base—perhaps even a lower low—is expected. This is a clean short-term short trade until bulls prove otherwise.