Since 18 Mar 2022, that I posted the last analysis for Safepal , after rising by more than 70% , it rejected again and lost the past pivot zone , then as a bull trap massively dropped ,and has been declining till now!
So today as you see on the Weekly timeframe for SFB/USDT again , after a little consolidation phase around current support zone , now it is ready to have a jump over here, so in this case if it be able to overcome the pivot zon and then breakout the first descending trend line with a good volume as confirmation ,it can reach the higher resistance zones and likewise to see higher resistances but likely will be rejected at the higher resistance zone so we also think about both long then short position ! but otherwise if losses the current zone it can again see the lower support lvls!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯