$ELF

/USDT Technical Analysis & Trade Signals

Current Market Snapshot

Current Price: $0.4050

24h High/Low: $0.4277 / $0.3948

Trend Status: Neutral-bearish; price near the lower Bollinger Band.

Technical Indicators Overview

1. Bollinger Bands (20, 2):

Price is near the Lower Band ($0.4041).

Middle Band (Resistance): $0.4155.

Upper Band (Strong Resistance): $0.4269.

2. Parabolic SAR (0.02, 0.2):

SAR Value: $0.4197.

Current SAR position indicates a bearish trend. Breakout above $0.4197 is required to flip momentum.

3. Support & Resistance:

Key Support: $0.4041 (Lower Bollinger Band) and $0.3948 (24h Low).

Resistance Levels: $0.4155, $0.4269, and $0.4300.

Trade Momentum

Momentum: Bearish to Neutral.

Current price is consolidating near support zones. A breakout above the middle Bollinger Band ($0.4155) would confirm a bullish momentum shift.

Trade Signals

1. Long Trade Setup

Entry Zone: $0.4050 - $0.4040 (near Lower Bollinger Band support).

Stop Loss: $0.3940 (below recent 24h Low).

Target Levels:

🎯 Target 1: $0.4155 (Middle Bollinger Band & Immediate Resistance).

🎯 Target 2: $0.4269 (Upper Bollinger Band).

🎯 Target 3: $0.4300 (psychological resistance and breakout confirmation).

2. Short Trade Setup (if price fails to hold support)

Entry Zone: $0.4030 - $0.4040.

Stop Loss: $0.4100 (above SAR level).

Target Levels:

🎯 Target 1: $0.3980 (minor support).

🎯 Target 2: $0.3948 (24h Low).

🎯 Target 3: $0.3850 (deeper support zone).

Trade Recommendation

Bullish Bias: Monitor for a breakout above $0.4155, which would confirm upward momentum toward $0.4269 and beyond.

Bearish Bias: Watch for breakdowns below $0.4040. Failing support could lead to retests of lower levels like $0.3948.

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