$SLF Trend Reversal or Just a Fakeout?
Current Price: $0.0896 (▼ 2.82%)
SLF showed a powerful upward spike but is now testing a key resistance level with selling pressure kicking in. Is this the beginning of a bigger breakout, or a bull trap?
Key Price Levels:
• Resistance Zone: $0.0900 – If bulls conquer this, we may see a rally continuation.
• Support Zone: $0.0860 – A break below this would invalidate short-term bullish momentum.
Trade Setup
Bullish Play:
• Entry: Break above $0.0900 with strong volume
• TP1: $0.0940
• TP2: $0.0960
• Stop-loss: Below $0.0870
Bearish Play:
• Entry: Break below $0.0860
• TP1: $0.0840
• TP2: $0.0820
• Stop-loss: Above $0.0888
Volume is surging, suggesting a possible volatility spike ahead.
Ideal setup for scalpers and breakout traders – but don’t skip the stop-loss!