💎 SFP has undeniably piqued our interest, having triumphed in breaching the local resistance level and currently navigating within an ascending channel pattern.
💎 At this juncture, SFP is in a phase of reevaluation, seeking solid confirmation in the form of a bullish rejection candle to signify a bounce back and the continuation of its upward trajectory. Should this occur, we anticipate a substantial rise for SFP, targeting the upcoming wick resistance followed by a formidable supply zone.
💎 However, this optimistic scenario would be nullified if SFP were to demonstrate a false breakout, characterized by a candle closing below the recently surmounted resistance. Such an event would likely herald a shift in momentum, potentially driving SFP down towards a robust support level or even further to a significant demand zone.
💎 At this juncture, SFP is in a phase of reevaluation, seeking solid confirmation in the form of a bullish rejection candle to signify a bounce back and the continuation of its upward trajectory. Should this occur, we anticipate a substantial rise for SFP, targeting the upcoming wick resistance followed by a formidable supply zone.
💎 However, this optimistic scenario would be nullified if SFP were to demonstrate a false breakout, characterized by a candle closing below the recently surmounted resistance. Such an event would likely herald a shift in momentum, potentially driving SFP down towards a robust support level or even further to a significant demand zone.
Trade closed: target reached
Just as predicted, #SFP's up a smooth 18.61%!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.