$SFP / USDT Short Trade Alert: Lower Highs & Bearish Setup Developing! š„š
The recent attempt to push higher in $SFP /USDT faced rejection below the $0.557 zone, forming a lower high and signaling weakening momentum. Price is struggling to maintain upward pressure, with sellers stepping in on each rally.
Currently hovering around $0.5534, the pair looks poised for a breakdown if the $0.5500 level gives way.
š» Trade Setup
Entry: $0.5534
Take Profit: $0.5370
Stop Loss: $0.5605
The chart structure points to a classic bearish continuation pattern ā a lower high following a failed breakout attempt. A move below $0.5500 could accelerate downside pressure, with the next support resting near $0.537.
š Maintain strict risk management ā a break above $0.5605 would invalidate the setup.
{future}(SFPUSDT)
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