$ELF /USDT Analysis: Building Momentum for a Breakout
Current Price: $0.4884
#ELF has climbed 8.08% over the past 24 hours, rebounding from a low of $0.4490 to a high of $0.4922, signaling strong upward momentum with increasing volume.
Key Levels to Watch:
Support: $0.4840 and $0.4667 – Crucial levels to sustain the bullish trend.
Resistance: $0.4922 and $0.5000 – Breakouts above these levels could signal further gains.
Trade Setup:
For Bulls: Enter around $0.4840, targeting $0.4922 and $0.5000, with a stop loss below $0.4667.
For Bears: Short below $0.4840, targeting $0.4667 and $0.4500, with a stop loss above $0.4925.
ELF/USDT is positioned for a potential breakout; watch for sustained moves above $0.4922 for confirmation. Trade wisely!
