$SLF /USDT – Bullish Continuation Setup
Current Price: $0.06996
Entry Zone: Above $0.072
Target 1: $0.085
Target 2: $0.10
Stop Loss: Below $0.062
Trade Rationale:
Self Chain ($SLF ) is exhibiting a strong bullish continuation pattern following a sharp rally from a recent low of $0.062. The current price action indicates that bulls are regaining control. A breakout above the $0.072 resistance level could trigger further upward momentum, targeting key resistance levels at $0.085 and $0.10.
Technical Indicators:
Support Levels: $0.062
Resistance Levels: $0.072, $0.085, $0.10
Momentum Indicators: RSI and MACD are showing bullish signals, supporting the upward trend.
Trend Indicators: Moving averages are aligned in a bullish configuration, indicating sustained upward pressure.
Risk Management:
Place a stop loss below $0.062 to mitigate potential downside risk. Monitor for a breakout above $0.072 to confirm the continuation of the bullish trend.