LIVE๐จ SFP's Price Pump - Next Stop for the Bulls Revealed! ๐จ
Before we dive into bullet points, here's a rapid rundown: SFP has witnessed a strong breakout, swiftly reaching a notable rejection block. While bulls may eye higher targets, caution against FOMO is paramount. Here's what you need to know:
๐ SFP experienced a significant rally, breaching the upper bound of its previous range.
๐ฏ Following the breakout, it encountered a substantial buying area at the historic rejection block around $0.95.
๐ Potential bullish targets are set at $0.95, $1.05, $1.20, and $1.30.
๐ Amidst the surge, FOMO can lead to rash decisions; it's essential to resist the urge to jump in without a strategy.
๐ A strategic entry would involve waiting for a potential pullback towards the lower $0.80s, as indicated on the chart.
๐ The pullback is not just a safer entry point but also aligns with the Value Area High (VAH) from the previous market action.
๐ Keep an eye on the Relative Strength Index (RSI) - currently high, which may suggest the asset is overbought and due for a correction.
๐ Looking to enter SFP's market? Wait for a retracement to get the best bang for your buck! And if you found this analysis sharp, remember to tip, comment, share, or like for more crispy updates!
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