🚨🔔 $YFI /USDT ON THE 1-HOUR CHART! 🔔🚨
The YFI/USDT chart is currently showcasing significant upward momentum, highlighted by a strong surge from a low of 5,194 to a recent high of 8,112. However, a pullback is now evident, bringing the current price to 7,217, indicating potential profit-taking or market correction.
💡 Current Price: 7,217
💡 Entry Price for Trades: 7,200 (aggressive entry) or wait for confirmation near 7,050 (safer entry)
Critical Levels to Watch:
🚧 Resistance Level: 8,112 – Key to watch for potential breakout; a clean move above could push prices higher.
📉 Support Level: 7,000 – Immediate support zone; a breakdown below this could signal further downside.
📉 Lower Support: 6,111 – If breached, expect stronger selling pressure.
🎯 Take-Profit Targets:
1. TP1: 7,600 – Minor profit-taking zone.
2. TP2: 8,000 – Psychological and previous high level.
3. TP3: 8,250 – Potential extended target on bullish breakout.
🛡️ Stop-Loss:
Set a stop-loss at 6,850 to limit potential downside risks.
⚠️ Cautionary Note:
Traders should monitor this area closely for signs of stability or breakout confirmation. If resistance at 8,112 proves too strong, we may see a retracement back toward 7,000 or lower. Be prepared for volatility, especially given recent high trading volume and market activity.
Stay sharp and plan your trade wisely.
