💎 SFP has notably captured market attention, having recently broken through a key resistance area. Currently, it is approaching a retesting phase at a level that was previously acting as resistance. For SFP to sustain its upward trajectory, a strong bounce during this retesting phase is essential, probability setting it on course towards our identified strong resistance area.
💎 However, should SFP struggle to uphold the support level during retesting, indicating a false breakout, it could lead to a regression back to the demand area, specifically around the $0.62 mark.
💎 The $0.62 demand area becomes critical at this juncture. For SFP to resume its upward journey, a robust rebound from this level is required, aiming to reclaim and sustain above the resistance level. Conversely, if SFP breaks below this demand level, it indicates a potential for further downward movement, possibly directing it back towards a stronger support area.
💎 However, should SFP struggle to uphold the support level during retesting, indicating a false breakout, it could lead to a regression back to the demand area, specifically around the $0.62 mark.
💎 The $0.62 demand area becomes critical at this juncture. For SFP to resume its upward journey, a robust rebound from this level is required, aiming to reclaim and sustain above the resistance level. Conversely, if SFP breaks below this demand level, it indicates a potential for further downward movement, possibly directing it back towards a stronger support area.
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.