SFP is attempting a breakout from a descending trendline after forming a strong support base around 0.35.
A successful breakout can trigger a bullish continuation toward key resistance levels.
Key Levels to Watch:
🔹 Entry Zone: Above 0.3704 (confirmed break)
🔹 TP1: 0.4291
🔹 TP2: 0.5382
🔹 Major Resistance: 0.4687
Bullish Scenario:
A clean breakout and retest of the trendline could push price toward TP1, and a strong continuation may reach TP2.
Invalidation:
Daily close back below 0.3500.
Chart looks promising, but waiting for confirmation is crucial. 📊💡
A successful breakout can trigger a bullish continuation toward key resistance levels.
Key Levels to Watch:
🔹 Entry Zone: Above 0.3704 (confirmed break)
🔹 TP1: 0.4291
🔹 TP2: 0.5382
🔹 Major Resistance: 0.4687
Bullish Scenario:
A clean breakout and retest of the trendline could push price toward TP1, and a strong continuation may reach TP2.
Invalidation:
Daily close back below 0.3500.
Chart looks promising, but waiting for confirmation is crucial. 📊💡
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.
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.