Technical Analysis: $SFP

/USDT

Current Price: $0.6308

Momentum: Neutral, leaning bullish as price consolidates near the resistance zone.

Key Indicators:

Moving Average (MA):

MA(5): $0.6330 - Near current price, acting as immediate resistance.

MA(10): $0.6099 - Support zone, indicating a strong base.

24h Volume: Higher than average, suggesting active participation.

Resistance Levels (Targets 🎯):

1. 🎯 Target 1: $0.6500 (Near-term resistance)

2. 🎯 Target 2: $0.6800 (Mid-term resistance)

3. 🎯 Target 3: $0.7200 (Strong resistance from previous highs)

Support Levels:

Immediate Support: $0.5900

Critical Support: $0.5600

Trade Signals:

Buy Signal: Enter near $0.6100-$0.6200 (on pullbacks or support tests).

Momentum Confirmation: A breakout above $0.6529 with volume increase indicates bullish momentum.

Stop Loss: Set below $0.5800 to limit downside risk.

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