SFP/USDT { SAFEPAL } - BULLISH SETUP

ANALYSIS 🔎
- SFP/USDT was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price then hit a swing high (@3.1650) and retraced.
- Price is retesting the horizontal support level, key fibonacci retracement zone (0.618 - 0.702 - 0.786) and descending trendline resistance.
- There's a relatively high concentration of buyers at this zone.
- We could see an uptrend continuation from this zone.

BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).

TARGETS 🎯
- Horizontal resistance level (@2.1945).
- Horizontal resistance level (@3.1650).
- Horizontal resistance level (@4.4500).

SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@1.3166).