$ELF
/USDT Technical Analysis & Trade Signal
Momentum: Bullish (+16.47% in 24h)
Trend: Uptrend (Breaking key resistance levels)
Indicators:
RSI: Likely near overbought territory (watch for reversals).
Moving Averages: Crossing above significant levels, confirming bullish momentum.
Trade Signal
Entry Point: $0.5760-$0.5780 (on slight retracement).
Stop Loss: $0.5400 (below key support).
Targets:
1. 🎯 $0.6000 (Immediate resistance).
2. 🎯 $0.6250 (Medium-term resistance).
3. 🎯 $0.6500 (High momentum extension).
Recommendation: Consider a long position while momentum sustains. Monitor volume and price action near $0.6000 and $0.6250 for profit booking or breakout continuation.
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