💯 percent Expected breakout!
Technical Analysis (ELF/USDT)
Current Price: $0.4788 (+4.38%)
24h Range: High: $0.5115 | Low: $0.4441
Volume: 19.42M ELF | 9.27M USDT
Trend:
The market is currently showing bullish momentum with a 4.38% increase in the last 24 hours. The price is approaching its 24-hour high ($0.5115), which indicates a potential breakout.
Support/Resistance:
Support Levels: $0.4692, $0.4518
Resistance Levels: $0.5145, $0.5109
Technical Indicators:
SAR (Stop and Reverse): 0.5109 — indicating potential trend continuation if the price moves upwards.
Momentum: Positive momentum as the price is above key support levels with strong buying volume.
Trade Signal
Trade Type: Buy (Long Position)
Entry Point:
Buy near $0.4788 (current price)
Target Levels:
Target 1: $0.4919 (First resistance level)
Target 2: $0.5109 (SAR level, potential breakout)
Target 3: $0.5145 (24-hour high, strong resistance)
Stop-Loss:
Below $0.4692 (Support level
Trade Momentum:
Bullish: The market is trending upwards with increasing volume and a strong potential breakout above the current resistance levels. Monitor for signs of a pullback or reversal after reaching target levels.
This trade setup has positive momentum, but as always, be cautious of sudden market shifts. Consider using stop-loss orders to manage risk effectively.
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