Long Position
Entry: Above $4.80 (confirmation of breakout)
Target: $5.32, $5.70
Stop Loss: $4.20
Short Position
Entry: Below $3.03 (confirmation of breakdown)
Target: $2.50, $2.00
Stop Loss: $3.50
Bullish Scenario: If SFIX breaks above the $4.74 resistance, the next target would be $5.32. Given the momentum and current bullish indicators, a speculative target of $5.50-$5.70 by mid-August is plausible.
Bearish Scenario: Should SFIX fail to sustain above the $4.50 mark and break below $3.03, a bearish target of $2.50-$2.70 could be expected.
The latest candlestick patterns reveal a significant increase in trading volume, especially around mid-June, which resulted in a sharp upward movement in SFIX’s price. The price action shows a consolidation phase around the $4.50-$4.80 range, indicating accumulation.
Entry: Above $4.80 (confirmation of breakout)
Target: $5.32, $5.70
Stop Loss: $4.20
Short Position
Entry: Below $3.03 (confirmation of breakdown)
Target: $2.50, $2.00
Stop Loss: $3.50
Bullish Scenario: If SFIX breaks above the $4.74 resistance, the next target would be $5.32. Given the momentum and current bullish indicators, a speculative target of $5.50-$5.70 by mid-August is plausible.
Bearish Scenario: Should SFIX fail to sustain above the $4.50 mark and break below $3.03, a bearish target of $2.50-$2.70 could be expected.
The latest candlestick patterns reveal a significant increase in trading volume, especially around mid-June, which resulted in a sharp upward movement in SFIX’s price. The price action shows a consolidation phase around the $4.50-$4.80 range, indicating accumulation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.