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. 📊💡
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