The price of SAFE has recently seen some volatility within the $1.05 - $1.18 range, making it a good candidate for scalping opportunities. The current price near $1.16 shows signs of a potential consolidation pattern, as the market has been range-bound between the support at $1.05 and resistance at $1.18. This consolidation suggests that a breakout or breakdown may happen soon, but we can scalp within the range.
For a long position, enter near $1.05 to $1.08, with the expectation of a slight move towards the upper end of the range ($1.18) before resistance kicks in. Set your stop-loss around $1.03 for a 1.5% risk.
For a short position, you can short around $1.16-$1.18, aiming to catch a price retracement towards $1.05, with a stop-loss around $1.19 for a similar risk.
Both trades rely on a breakout or a reversal within the defined range. Watch for volume spikes to confirm direction.
🥂Trade Now (Link in Bio)