$SFP
is trading around $0.3018 after a sharp recovery from the $0.2883 low — and what stands out is how price bounced, not just the bounce itself. Strong rejection from the lows followed by clear follow-through buying shows sellers failed to maintain control after the breakdown. This behavior often marks the early stages of a short-term trend shift.
On the 2H structure, price has reclaimed the mid-range and is now pushing back into a prior supply zone. The recovery leg is clean, impulsive, and backed by rising volume, suggesting this is more than just a dead-cat bounce. The market appears to be attempting to form a higher low relative to the recent swing structure.
Trade Setup:
EP: $0.298 – $0.302
TP1: $0.310
TP2: $0.324
TP3: $0.342
SL: $0.288
#SFP #CryptoTrading #Altcoins #PriceAction #TrendShift #BullishReversal #Momentum #Volume #HigherLow #TradeSetup
