$SFP /USDT Short Trade Setup 🚀
Market Overview:
SFP/USDT is showing strong bearish momentum on the 30-minute chart, currently trading near $0.5882. Recent price action indicates further downside potential.
Trade Signal (Short Setup):
• Entry Zone: $0.5900 - $0.5950
• Take Profit (TP):
• TP1: $0.5750
• TP2: $0.5600
• Stop Loss (SL): $0.6050
Analysis Highlights:
1. Bearish engulfing patterns confirm selling pressure.
2. Price has broken below key support at $0.6000, signaling further downside.
3. RSI and volume indicators favor sellers, with no reversal signs yet.
💡 Risk Management Tip:
Secure partial profits at TP1 and trail your stop loss to breakeven for extended targets. Always manage position size effectively.