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SFPUSDT trade ideas

💥SFPUSDT - TO FALL BY 30% TO $1.71 & RISE BY 100% TO $3.41Please support this idea with a LIKE👍 if you find it useful🥳 Right here is SFP chart on a daily Timeframe. As seen on this chart, we have a descending triangle breakout at $1.1850. Price rejected a resistance at $3.150 and it's on it's way back to the support zone at $1.710. Therefore I expect a bounce back at $1.71 as it was a resistance that will turn to support and a right shoulder pattern for the inverted head and shoulder. Then I expect price to rise from $1.71 by 100% to $3.410. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on SFP (SFPUSDT) 🤗 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
11
SFP/USDT { SAFEPAL } - BULLISH SETUPANALYSIS 🔎 - SFP/USDT was resisted by the descending trendline resistance. - Price brokeout above the descending trendline resistance. - This is a bullish signal. - Price then hit a swing high (@3.1650) and retraced. - Price is retesting the horizontal support level, key fibonacci retracement zone (0.618 - 0.702 - 0.786) and descending trendline resistance. - There's a relatively high concentration of buyers at this zone. - We could see an uptrend continuation from this zone. BUY ENTRY ⬆️ - Key fibonacci retracement zone (0.618 - 0.702 - 0.786). TARGETS 🎯 - Horizontal resistance level (@2.1945). - Horizontal resistance level (@3.1650). - Horizontal resistance level (@4.4500). SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level (@1.3166).
Long
by Chibuike_Odoh
🆓SafePal (SFP) Oct-22 #SFP $SFPSFP is having a strong correction after a strong rise in mid-October. The $1.7 zone is being the support at the moment and the SFP could rally to $2 and $2.4 in the next few days. But if it continues to lose the 1.7$ zone, it will continue to fall back to the 1.5$ and 1.3$ zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 1.7$ zone 🔴Buy : 1.7 🔴Sell : 2 - 2.4 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 1.7$ zone 🔵Sell : 1.7 🔵Buy : 1.5 - 1.3 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
secure and protected -( SFP/USDT Analysis )📉📈Market Cap:$189,045,032 Circulating Supply:108,166,667.00 SFP ( 22%) Max Supply:500,000,000 ✅What Is SafePal (SFP)✴️? SafePal is a cryptocurrency wallet launched in 2018 that helps users to protect and grow their digital assets. SafePal provides hardware and software wallets, all paired and managed through the SafePal App and was the first hardware wallet invested in and backed by Binance. SafePal wallet supports numerous popular crypto-assets, in addition to popular tokens on the Ethereum , Binance Smart Chain ( BSC ) and TRON blockchains. Users can store, manage, swap, trade and grow their portfolio without compromising asset security, according to SafePal. Since its launch in 2018, SafePal has grown exponentially and has over 80,000 users in 87 countries globally. coinmarketcap-www.safepal. io ------------------------------------------------------------------------------------------------------------------ 📉📈TECHNICAL ANALYSIS As you can see in the weekly time frame for SFP/USDT, the price is trading around 1.74 $ right now. In the previous two candlesticks , it was able to grow up more than 200% by breaking the dynamic resistance (Red descending trendline) with a strong sharp move, but it faced to the local resistance about $ 3,then by price retracement reached to the local support (50% Fibonacci level). Now it maybe face demand again and move up to the red resistance zone , and if it breaks it up , it can achieve its goals. But if the BTC price descend more than 10% , it can go down to lower green box support . -------------------------------------------------------------------------------------------------------------------- tips: 💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.) 🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) . ✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.) -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭 🙏with Best Regards
Long
by PRO_SMART_Trader