Wait, did $SYRUP just hit its limit for the day?
That last push was solid, you have to respect the momentum up to the 0.48 resistance.
But look at the rejection wick on the current candle. The selling pressure is picking up right as the bid depth is thinning out.
The easy part of this trade is over. We need to cool off.
Price action needs to show me a clean hold above 0.4600. If that level breaks, we are going to test the low 0.45s for proper support.
I’m staying flat right now. Don't chase this candle. Wait for the discount.
#SYRUP #BitcoinPriceAnalysis
That last push was solid, you have to respect the momentum up to the 0.48 resistance.
But look at the rejection wick on the current candle. The selling pressure is picking up right as the bid depth is thinning out.
The easy part of this trade is over. We need to cool off.
Price action needs to show me a clean hold above 0.4600. If that level breaks, we are going to test the low 0.45s for proper support.
I’m staying flat right now. Don't chase this candle. Wait for the discount.
#SYRUP #BitcoinPriceAnalysis
SYRUP-1.89%
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