Here’s a concise technical analysis and trade signal for $YFI

/USDT:

Technical Analysis:

Current Price: $9,487 (near 24h high)

Price Action: The price has seen a healthy increase of +11.66% in the last 24 hours, indicating strong upward momentum.

Key Levels:

Support Level: $8,450 (recent 24h low, potential bounce area)

Resistance Level: $9,500 (24h high, potential resistance)

Trend: Bullish momentum, with a possibility of continuation if it maintains above $9,000.

Trade Signal:

Buy Signal: If the price breaks and holds above $9,500 (signifying continuation of upward trend)

Stop-Loss: Place it below $8,450 to manage risk

Take Profit (Targets):

Target 1 (T1): $9,800 (next resistance zone)

Target 2 (T2): $10,200 (strong resistance zone)

Target 3 (T3): $10,500 (psychological level and key Fibonacci extension)

Momentum:

Strong Bullish Momentum: Uptrend is supported by increased trading volume. Caution near resistance zones but with room to the upside if momentum holds.

Consider these levels for potential entries and exits while watching the price action closely.

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