SFPUSDT trade ideas
SFPUSDT (SAFEPAL) - POTENTIAL BREAKOUT ANALYSIS 🔎
- SFPUSDT is printing a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price is testing the key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
SFPUSDTentry: around 2
TP1: 2.44
TP2: 2.77
TP3: 3.33
TP4: 3.81
SL: 1.4188
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- My trades are not financial advices
- always use stop-loss
- invest only the amount of money you are ready to lose
- trade with a strict money management method