$SOL Analysis: Strong recovery with bullish momentum
$SFP is currently trading at $0.7269, reflecting a significant gain of 13.54% in the last 24 hours. The price has recovered sharply from the low of $0.5788, and is now approaching a critical resistance area.
Key Levels to Watch
Support: $0.6840 – Holding this level will support the bullish outlook.
Resistance: $0.7400 – A break here could lead to extended gains.
Trading Setup
Entry: Around $0.7300
Targets:
1. $0.7600 (Short-term)
2. $0.8000 (Next Target)
Risk Management
Stop Loss: $0.6700 – To minimize downside risk.
SFP stock's bullish momentum suggests a break above $0.7400 could open upside potential. Keep a close eye on volume confirmations to support the rally.