Technical Analysis for SLF/USDT

Current Price: $0.5099 (+5.44%)

24h High: $0.5372 | 24h Low: $0.4709

Key Indicators:

Support Level: $0.4780 (recent lower level)

Resistance Level: $0.5372 (24h high)

SAR (Stop and Reverse): 0.5236, indicating a potential change in trend direction if crossed.

Trade Signal:

Trade Type: Bullish trend continuation

Momentum: Positive momentum with +5.44% increase in the last 24 hours, indicating buying interest.

Key Levels:

Target 1: $0.5192 (short-term resistance)

Target 2: $0.5372 (previous 24h high)

Target 3: $0.5490 (potential resistance above the 24h high)

Trade Strategy:

Entry: Buy near $0.5099 or pullback to $0.4986 for better entry.

Stop Loss: Set a stop around $0.4780 (support level) to minimize losses in case of a reversal.

This analysis suggests the market is in a bullish phase with positive momentum. A breakout above the key resistance at $0.5372 could lead to further price growth, targeting $0.5490.

#MarketMajorComeback #RLUSDApprovalBoostXRP #BinanceLaunchpoolVANA #BinanceListsVelodrome #BTCReclaims101K

$SLF

SLF
Created with Highcharts 9.1.1
0,5164
+3.03%