$SFP U/USDT | Key Breakout Levels Spotted! 💯🔥
📈 Current Price: $0.6790
The chart shows a sharp recovery, breaking above the critical resistance zone at $0.6600 (highlighted in purple). This bullish momentum indicates increasing buying interest in the pair.
Market Analysis & Next Move
Bullish Scenario:
If the price holds above $0.6700, a potential rally towards $0.7000 is likely, with the next key target at $0.7200. The ideal long entry is between $0.6750-$0.6800, with a tight stop-loss set below $0.6650.
Bearish Scenario:
A rejection from current levels and a break below $0.6600 could result in a retest of $0.6400 or lower. Consider shorting near $0.6750, with targets at $0.6500-$0.6400.
Trade Advice
For Long Positions: Take partial profits near $0.6900 if you're in the trade.
For Short Positions: Keep an eye on the $0.6700 level for a potential rejection.
Momentum Watch:
A sustained breakout above $0.7000 could signal a long-term bullish reversal, so trade cautiously and adjust stop-loss levels accordingly.
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SFP: $0.6794 (+7.58%)