Chibuike_Odoh

SFPUSDT (SAFEPAL) - POTENTIAL BREAKOUT

Long
BINANCE:SFPUSDT   SFP / TetherUS
ANALYSIS πŸ”Ž
- SFPUSDT is printing a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price is testing the key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.

Comments

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