SYRUP - is testing ATH while the crypto market is in correction. We can conclude that this coin is stronger than the whole market and can continue its rally after accumulating the right potential.
Focus on the mirror support level 0.4600 - the round number gives strength to this level. After a false breakdown, the coin is consolidating in the buying zone. A break of the downside resistance will trigger a rally
Scenario: If the consolidation above 0.4600 continues and the coin breaks the downside resistance, a breakout and consolidation above 0.49450 will attract new buyers, which will only strengthen the rally.
Focus on the mirror support level 0.4600 - the round number gives strength to this level. After a false breakdown, the coin is consolidating in the buying zone. A break of the downside resistance will trigger a rally
Scenario: If the consolidation above 0.4600 continues and the coin breaks the downside resistance, a breakout and consolidation above 0.49450 will attract new buyers, which will only strengthen the rally.
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❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.