🔷 SFP/USDT
Date: December 21, 2024 (UTC Time)
Time Frame: 30-Minute Chart
🟩 Long/Short?
• Long is the clear option. The price has recently surged by 27.68% in the last 24 hours, indicating strong upward momentum.
♻️ Leverage:
• 2x-3x leverage would be ideal for riding this bullish trend, with manageable risk.
👉 Entry:
• 0.7658 USDT – Enter the market at this price point, which aligns with current momentum and near recent highs.
🎯 Target:
• 0.7846 USDT – First resistance target, near the 24-hour high.
• 0.7900 USDT – Secondary resistance target.
• 0.8000 USDT – Further target if the trend continues to hold.
📉 Support Levels:
• 0.7550 USDT – Key support level, providing a cushion for any potential pullbacks.
• 0.7400 USDT – Secondary support level if the market retraces further.
⛔ Stop Loss:
• 0.7400 USDT – A strong stop loss below key support, to minimize potential losses if the market reverses.
⚖️ Market Sentiment:
• Long Bias: 50.60% Long
• Short Bias: 49.40% Short
• The sentiment is fairly balanced, though there’s a slight edge towards long positions.