SFPUSDT trade ideas
SafePal Signals a Bullish Rally..?!! 🚀SFP Today Analysis💎Over the past few days, SFPUSDT has been crafting a descending channel. A recent breakout from this descending channel suggests a potential shift in market sentiment.
💎Currently, it is trading above the 50-day Exponential Moving Average (EMA), which also confirmed the bullish scenario. Trading above this moving average indicates strength and positive momentum for SFP.
💎The presence of high demand in the market is anticipated to significantly contribute to a bullish run.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
🚨 Trade Update: SFP/USDT (5-10x)🚨 Trade Update: SFP/USDT (5-10x)
📉 Short Entry: 0.573 - 0.604
OTE (Optimal Trade Entry): 0.586
SL: 0.628
B/E Move: When it moves close to TP2
TPs:
Short Term: 0.567 - 0.561 - 0.554 - 0.545 - 0.532
Mid Term: 0.518 - 0.500 - 0.470 - 0.435 - 0.405
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
SFP Technical Analysis#SFP Technical Analysis
I have tired my best to make it simplest,
SFP did a breakout before a day of crash, sfp complete a successful retest and unfortunatley the btc got crash and it test the strong support and give a massive pump.
Currently trading at 0.58$/sfp it is currently accumlating below resistance a bullish indication,
the next weak resistance area is 0.698$ it might can drop from here and test the resistance of 0.59$, The strong resistance level is 0.8$ from where the short entry would be save.
for those who want take long entry wait for breakout and retest than you can take entry.
SFP ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the SFP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SFP Short - Not financial adviseThere was a large short liquidation trigger at the 0.5245 level which already occured. I believe that now the price will reverse and go down first to 0.465 and liquidate leverage long positions. Depending on the reaction at this level the price can drop much lower to 0.4355 and potentially further.
I have short entry at 0.5195 that I already entered with stop loss at 0.5275
TP 1 - 20% of my position at 0.4651 (first long liquidation level of interest)
TP 2 - 40% of my positon at 0.4355
Letting the remainder run with a moving stop loss into profit, seeing if it can break down below the weekly lows and trend under the 0.39 level