π SFP has undeniably piqued our interest, having triumphed in breaching the local resistance level and currently navigating within an ascending channel pattern.
π At this juncture, SFP is in a phase of reevaluation, seeking solid confirmation in the form of a bullish rejection candle to signify a bounce back and the continuation of its upward trajectory. Should this occur, we anticipate a substantial rise for SFP, targeting the upcoming wick resistance followed by a formidable supply zone.
π However, this optimistic scenario would be nullified if SFP were to demonstrate a false breakout, characterized by a candle closing below the recently surmounted resistance. Such an event would likely herald a shift in momentum, potentially driving SFP down towards a robust support level or even further to a significant demand zone.
π At this juncture, SFP is in a phase of reevaluation, seeking solid confirmation in the form of a bullish rejection candle to signify a bounce back and the continuation of its upward trajectory. Should this occur, we anticipate a substantial rise for SFP, targeting the upcoming wick resistance followed by a formidable supply zone.
π However, this optimistic scenario would be nullified if SFP were to demonstrate a false breakout, characterized by a candle closing below the recently surmounted resistance. Such an event would likely herald a shift in momentum, potentially driving SFP down towards a robust support level or even further to a significant demand zone.
Trade closed: target reached:
Just as predicted, #SFP's up a smooth 18.61%!
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