$ELF

/USDT Technical Analysis:

Current Price: $0.5145

24h High: $0.5424

24h Low: $0.4952

Momentum: The price has been moving upward with a recent gain of +1.36%, indicating positive short-term momentum.

Key Indicators:

Support Level: $0.4952 (Recent Low)

Resistance Level: $0.5424 (Recent High)

RSI: The RSI (Relative Strength Index) is likely nearing an overbought level, indicating that the price could experience a pullback soon.

MACD: The MACD (Moving Average Convergence Divergence) is indicating a bullish signal, but the momentum could weaken if it moves into a consolidation phase.

Trade Signal:

Buy Entry: $0.5100–0.5145

Target Levels (Profit Booking):

Target 1: $0.5275

Target 2: $0.5424

Target 3: $0.5500 (Potential breakout above 24h high)

Stop-Loss: $0.4950 (Below the support level)

Trade Momentum: Short-term bullish, but approaching overbought conditions. A break above $0.5424 would suggest further bullish continuation. If it falls below $0.4950, the bearish trend may resume.

Summary: If you're entering a long position, focus on the $0.5100–0.5145 zone with potential to target $0.5275, $0.5424, and $0.5500 based on bullish momentum. Always be ready for a stop-loss around $0.4950 to mitigate risk if the trend reverses.

#BTCNewATH #PENGUOpening #BTCNewATHAgain #BinanceAirdropsCATandPENGU #VANAOpening