🔎 Current Status of Currency $SFP
Price: 0.5169 USDT
Daily Change Percentage: +15.46% (down from the peak but still in the green).
Highest Price Today: 0.7420
Lowest Price Today: 0.4387
📊 Indicators
The price is currently moving close to the moving averages (EMA7 at 0.5217 / EMA25 at 0.5329) → this means the market is trying to stay above half a dollar but without strong momentum.
The Bollinger Bands are narrowing → indicating the beginning of a decrease in volatility (consolidation).
The volume has decreased significantly compared to the explosive candle → indicating that large buyers have exited now and the market has entered a waiting phase.
🎯 Expectations
Positive (Bullish): If the price can maintain above 0.50 as a psychological support, we might see a retest of levels 0.55 – 0.60.
Negative (Bearish): Breaking 0.50 could drop the price to 0.48 then 0.45 (previous support areas).
🛠️ Entry and Exit Plan
For quick traders:
Entry: 0.50 – 0.51
First Target: 0.55
Second Target: 0.60
Stop Loss: Breaking 0.485
For short/medium-term investors:
It is best to wait for confirmation of a 4-hour close above 0.55 for a safer entry.
Potential Targets: 0.65 – 0.70
Stop Loss: Below 0.50
⚠️ Important Notes
The large movement that occurred was due to a pump → this means a corrective drop is very likely.
Trading at this stage is high risk, it is better to adhere to a clear plan.