$SFP /USDT Technical Analysis 🔥
Target Achieved: $0.6751
Current Price Action: SFP/USDT has gained +10.35% in the last 24 hours, breaking above recent resistance and confirming a bullish breakout. The upward momentum on the 30-minute timeframe signals continued strength.
Next Potential Targets:
1. Immediate Resistance: $0.6800
A crucial level to watch; breaking above it may open doors to further upward movement.
2. Mid-term Target: $0.7000
A key psychological level; historically significant and a potential pivot for bullish continuation.
3. Long-term Target: $0.7200
This aligns with extended Fibonacci projections, marking a strong resistance zone.
Recommendation:
Take partial profits at $0.6750 to secure gains.
Move your stop-loss to $0.6600 to manage downside risks.
For aggressive traders, hold positions targeting $0.7000 and $0.7200.
Indicators to Watch:
RSI: Approaching overbought territory; caution on potential short-term pullback.
Volume: Strong and consistent volume is crucial for sustaining the uptrend.