$SFP /USDT Medium Analysis: Potential Rejection at Resistance

Current Price: $0.6642

Resistance Zone: $0.6759 (failed to break through after a short rally).

Support Zone: $0.6435 (potential retest if the price continues downward).

Market Context: The price exhibited a lower high within the marked resistance area, indicating bearish pressure after a short-term recovery.

Observation: The rejection from the resistance suggests potential further downside, with $0.6435 as a likely target if bearish momentum continues.

Strategy:

Short Entry: Below $0.6650

Target 1: $0.6500

Target 2: $0.6435

Stop Loss: Above $0.6760

Long Entry: If price reclaims $0.6760

Target 1: $0.6900

Stop Loss: Below $0.6650

Key Insight: Keep an eye on the volume and price reaction at $0.6650 to confirm the direction.

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