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

🔔 Signal: BUYAsset: SFUNDUSDT (SSFUND)📈 Technical Analysis:SFUNDUSDT (SSFUND) 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: $4.70Target 2: $5.50Target 3: $6.08📈 Trade Analysis:The bounce from the 61.80% Fibonacci level signifies a strong bullish sentiment for SFUNDUSDT (SSFUND). 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.