Safuu - Recently had a bullish falling wedge but needed bulls to act on it. However, we have observed on several occasions that Safuu deviates below critical supports and attempts a decent bounce.

It is now deviating from the 3.30$ support level. If bulls can maintain this level for a little longer, a decent surge to the upside is expected. This could push Safuu back to 4.20-4.40 in the coming days.

On the downside, many bullish divergences have recently appeared, and any probable sell-off would just be a hyper-move, which does not end well. With signals of weakness on the downside, sellers should cover their shorts and seek risk management.

Penafian

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