$YFI /USDT Trading Signal - Consolidation Phase
Current Price: $8,844 (-1.32%)
24h High: $9,062
24h Low: $8,684
24h Volume: 374.53 YFI
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Market Overview
$YFI is trading within a tight consolidation range after rejecting $9,205. A breakout from this range could provide trading opportunities.
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Trading Plan (1H Timeframe)
Bullish Scenario:
Entry Zone: $8,800 - $8,850
Targets:
T1: $8,950
T2: $9,050
T3: $9,200
Stop Loss: $8,680
Bearish Scenario:
Entry Zone: Below $8,700
Targets:
T1: $8,500
T2: $8,350
Stop Loss: $8,900
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Technical Insights
MACD: Indicates low momentum, suggesting a potential breakout in either direction.
RSI: Neutral zone, with no clear overbought or oversold signals.
Support Levels: $8,700 and $8,500.
Resistance Levels: $8,950 and $9,200.
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Strategy Recommendations
Watch for increased volume near the support or resistance levels for entry confirmation.
Secure partial profits at the first target and move stop-loss to breakeven for remaining positions.
Avoid entering trades during low volatility phases.
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