$NFP $NFP

$NFP /USDT Analysis:

Current Price: $0.1954 (+13.47%)

Recent Price Range:

24h High: $0.1967

24h Low: $0.1720

Moving Averages:

MA(7): $0.1841 (short-term support)

MA(25): $0.1781 (medium-term support)

MA(99): $0.1985 (long-term resistance, suggesting a strong resistance above)

Key Levels:

Immediate Resistance: $0.1967 (24-hour high and potential resistance in the near term)

Secondary Resistance: $0.1985 (MA(99), a long-term resistance that could see heavy selling pressure if approached)

Trade Setup for Short Position:

Short Entry Zone: Between $0.1950 and $0.1967, capitalizing on the price nearing the 24-hour high.

Stop Loss: $0.2050, set above the secondary resistance at $0.1985 to allow for a possible breakout.

Take Profit Targets:

Target 1: $0.1841 (aligns with MA(7), where short-term support may be tested)

Target 2: $0.1781 (MA(25), a stronger support where price could consolidate)

Summary:

The setup focuses on shorting near the 24-hour high and long-term resistance levels, aiming for a pullback toward the moving averages as support. This provides a balanced risk-reward profile with clear resistance levels, allowing for short entries with a stop above the secondary resistance level.

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