đ $SAFE
Cooling Off After +20% Rally: Buy the Dip Opportunity? đ
âMarket Update:
$SAFE has printed a massive green candle, hitting a high of 0.1988 before entering a consolidation phase. We are currently seeing a healthy pullback on the 1H timeframe, forming a potential Bull Flag.
âđ Technical Outlook:
âPrice Action: Currently trading around 0.1749, just below the EMA 7. Short-term momentum is cooling, which is healthy for the next leg up.
âSupport Zone: The EMA 25 (Pink Line) is rising fast and sits around 0.1642. This is the "sweet spot" for a bounce.
âRSI Reset: RSI has cooled from overbought to ~55, meaning there is plenty of room for buyers to step back in.
âđŻ TRADE SETUP (Spot / Low Lev)
âStrategy: Wait for the pullback to valid support. Don't FOMO at the top!
âEntry Zone: $0.1640 - $0.1660 (Watch for a wick to the EMA 25)
âđŤ Stop Loss: $0.1575 (Invalidates the bullish structure)
âđ Take Profit Targets:
â$0.1800 (Quick scalp)
â$0.1988 (Retest of Highs)
â$0.2150 (Breakout extension)
âđ§ Trader's Note: Volume is declining on this pullback, which suggests sellers are weak. Watch for a volume spike at the support level to confirm the entry.
âDisclaimer: This is technical analysis, not financial advice. DYOR.
â
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