$SFP U/USDT | Key Breakout Levels Spotted! šÆš„
š Current Price: $0.6790
The chart shows a sharp recovery, breaking above the key resistance zone at $0.6600 (highlighted in purple). This bullish momentum suggests growing buying interest in the pair.
Market Analysis & Next Move
ā¢ Bullish Scenario:
If the price sustains above $0.6700, expect a potential rally toward $0.7000, with a next major target at $0.7200. Ideal long entry near $0.6750-$0.6800 with tight stop-loss below $0.6650.
ā¢ Bearish Scenario:
A rejection from current levels and a break below $0.6600 could lead to a retest of $0.6400 or lower. Short trades can be initiated near $0.6750 with targets at $0.6500-$0.6400.
Trade Advice
ā¢ Take partial profits near $0.6900 if long positions are active.
ā¢ For short trades, keep a close watch on the $0.6700 level for potential rejection.
š„ Momentum Watch: A sustained breakout above $0.7000 could signal a long-term bullish reversal! Trade cautiously and adjust stop-losses.