SafeMoon presents massive buying opportunity before 80% breakout

SafeMoon price, one of the most outstanding performers of 2021, is now one of the biggest pump and dump examples of 2021. After rising nearly 600% between September 29^th and October 29^th, SafeMoon crashed more than 88% to create a new all-time low on December 4^th

SafeMoon price trade setup is the definition of low risk, high reward

SafeMoon price has a fantastic trade setup on its daily chart. The hypothetical long entry is a buy stop order between $0.0000010 and $0.0000014, with a stop-loss order at $0.00000090 and a profit target at $0.0000022. The projected profit target is the daily Kijun-Sen, but some conservative traders would likely consider the Tenkan-Sen at $0.0000020 as a more appropriate exit to protect profit.

The positive expectancy ratio of the hypothetical long trade is increased due to SafeMoon’s oscillators. The Composite Index is trading at all-time lows, indicating a likely market bottom. That market bottom is probably confirmed by the Relative Strength Index finding support between the two oversold levels in a bear market, 30 and 20.

It is very likely that, due to the massive sell-off on Saturday, many current SafeMoon bulls and future buyers will wait to see if there is any further downside momentum. A short period of consolidation near the $0.0000010 value area would be perfectly appropriate and expected.

SafeMoon/USDT Daily Ichimoku Chart

The hypothetical long entry will be invalid if SafeMoon price makes a new low near the $0.00000080 price levels. If that occurs, any further speculators could likely abandon SafeMoon in the long term.