Technical analysis by obeiibra about Symbol SFUND: Buy recommendation (1/11/2024)

🔔 Signal: BUY Asset: SFUNDUSDT ( S SFUND ) 📈 Technical Analysis: SFUNDUSDT ( S SFUND ) is indicating a strong BUY signal, having recently rebounded from the 61.80% Fibonacci level, confirming a robust uptrend on the daily chart. 📊 Trade Details: Entry Point: Current market level (Reflecting 61.80% Fibonacci retracement) "≈3.40" Target 1: $4.70 Target 2: $5.50 Target 3: $6.08 📈 Trade Analysis: The bounce from the 61.80% Fibonacci level signifies a strong bullish sentiment for SFUNDUSDT ( S SFUND ). The confirmed uptrend on the daily chart suggests potential further gains. Specific target levels will be updated shortly to optimize profit potential. 💡 Risk Management: - Only use 5%-10% of your capital for this trade to mitigate risks. - Avoid going ALL IN on trades, even if you're confident they will succeed. - Do not invest your full capital; it's important to diversify and manage risk exposure. - Consider setting a stop-loss at an appropriate level to protect your investment by regularly monitoring and adjusting levels as needed. - Successful trading requires patience. Allow the trade to develop and avoid impulsive decisions. 🔄 Additional Buy Zone: - Be prepared to identify and utilize another buy zone if market conditions require it. Flexibility is key in adapting to changing trends. ⚠️ Spot Trading vs. Futures: - Spot trading is a safer and more controlled approach, allowing for better risk management compared to the higher volatility and speculative nature of futures trading. - Exercise caution and consider the potential risks associated with leveraged instruments. 🚨 Disclaimer: Trading involves risks, and past performance does not guarantee future results. Exercise caution and conduct your research before making any financial decisions.