$ELF
/USDT Trading Signal - Consolidation Phase Insight
Current Price: $0.4602 (+3.25%)
Entry Range: $0.4580 - $0.4650
Target 1: $0.4750
Target 2: $0.4820
Stop Loss: $0.4430
Market Observations:
$ELF/USDT has retreated from a high of $0.4824, entering a consolidation phase near $0.4600.
The current level aligns with short-term support, with potential for a bounce toward $0.4750 and beyond.
Trade Insights:
Monitor the entry range for bullish confirmation, targeting recovery towards recent highs.
Take partial profits at $0.4750 and leave room for upside toward $0.4820.
Protect against volatility with a stop-loss below $0.4430.
Keep an eye on volume changes to validate the strength of the recovery.