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MyCryptoParadise
May 3, 2023 8:03 PM

SafePal (SFP) Holding Strong at Key Support Zone Long

SFPUSDT Perpetual ContractBybit

Description

BINANCE:SFPUSDT appears to be showing strong support around the $0.4 zone, which has held steady for nearly 50 days. Additionally, the long-term uptrend trendline has provided a recent bounce, indicating positive momentum for #SafePal.

Currently, the price appears to be consolidating within a range between $0.4 support and $0.52 resistance areas. With several bullish factors in play, there is a strong likelihood of the price moving towards the top of the range or even surpassing it.

Traders looking to take advantage of this potential uptrend may consider long positions with appropriate risk management strategies in place, while monitoring key support and resistance levels for any signs of a trend reversal.
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