The $YFI /USDT chart on the 15-minute timeframe shows a robust uptrend, with the current price positioned at 7,859, reflecting a substantial increase of 46.79%.
This bullish momentum is emphasized by the RSI at 82, signaling overbought conditions that may warrant caution for potential corrections.
Traders may consider entering a long position around 7,859 if the upward trend continues. The immediate resistance to watch is 7,900, followed by the next resistance levels at 8,100 and 8,250, which represent key price barriers.
On the support side, the first level to monitor is 7,400, with a more critical support zone at 7,100, serving as a safety net in case of retracements. For profit-taking, targets can be set at 7,900 for TP1, 8,100 for TP2, and 8,250 for TP3.
To manage potential downside risks, a stop-loss should be placed below the 7,100 support, ideally at 7,050.
While the market shows strength, the elevated RSI indicates overbought levels, so traders should remain vigilant for any signs of a reversal or weakening momentum.
