Action: Both Long and Short Positions
Analysis:
NFP has shown a significant 14.68% increase in price over the last 24 hours, with a daily volume surge of 205.66%, indicating strong market interest. The Vol/Mkt Cap ratio of 18.06% supports the high liquidity needed for scalping. Currently, NFP is trading near its daily high of $0.3132, suggesting a potential consolidation phase near resistance. The recent bullish momentum and proximity to a psychological resistance level at $0.31 create an opportunity for both long and short scalping strategies, depending on the breakout direction.
Long Position:
- Entry Range: $0.3050 - $0.3100
- Stop-Loss (SL): $0.3030
- Take Profit (TP): $0.3200 - $0.3400
Short Position:
- Entry Range: $0.3100 - $0.3130
- Stop-Loss (SL): $0.3180
- Take Profit (TP): $0.2900 - $0.2800
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🚨 Note: Trade at your own risk. Always DYOR (Do Your Own Research).