$SYRUP
/USDT Analysis: Bearish Cycle in Play 📉
While social sentiment remains highly bullish (85%), the technical indicators on the lower timeframes suggest a short-term correction is underway. $SYRUP (Maple Finance) is currently navigating a structured downtrend.
📊 Trade Setup: Short Order
Direction: Short (Pending)
Timeframe: M5 (Scalp/Intraday)
Entry Zone: Within High Volume Node (HVN) – Look for rejection near current resistance.
Stop Loss: ~1.35% above entry (Tight protection).
Target: Tracking the cycle 382 downtrend.
🔍 Technical Insights
Cycle Analysis: The price is currently locked in Cycle 382 of a downtrend, showing a significant downside amplitude of 13.18%.
HVN Entry: Entering within the High Volume Node ensures we are trading where the most liquidity is concentrated, reducing the risk of "weak zone" slippage.
Market Cap & Sentiment: Despite the $283.89M market cap and 26.5K bullish votes, the M5 structure is prioritizing a liquidity hunt to the downside before any potential reversal.
💡 Strategy Note
The divergence between retail sentiment (Bullish) and technical cycles (Bearish) often leads to a "long squeeze." Patience is key—wait for the pending order to trigger within the HVN for the best risk-to-reward ratio.
Trade $SYRUP on Binance New Version
Analysis by: Nabiha Noor
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