🐂 $SAFE
Cooling Off After +20% Rally: Buy the Dip Opportunity? 🚀
Market 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.
📉 Technical Outlook:
Price Action: Currently trading around 0.1749, just below the EMA 7. Short-term momentum is cooling, which is healthy for the next leg up.
Support Zone: The EMA 25 (Pink Line) is rising fast and sits around 0.1642. This is the "sweet spot" for a bounce.
RSI Reset: RSI has cooled from overbought to ~55, meaning there is plenty of room for buyers to step back in.
🎯 TRADE SETUP (Spot / Low Lev)
Strategy: Wait for the pullback to valid support. Don't FOMO at the top!
Entry Zone: $0.1640 - $0.1660 (Watch for a wick to the EMA 25)
🚫 Stop Loss: $0.1575 (Invalidates the bullish structure)
🚀 Take Profit Targets:
$0.1800 (Quick scalp)
$0.1988 (Retest of Highs)
$0.2150 (Breakout extension)
🧠 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.
Disclaimer: This is technical analysis, not financial advice. DYOR.