Short Trade Signal for $ELF /USDT !š„šÆ
Entry: $0.4180
Target 1 (TP1): $0.4050
Target 2 (TP2): $0.3920
Stop Loss (SL): $0.4250
Analysis:
ELF/USDT is currently trading within a descending channel. After testing resistance near $0.4300, it has resumed a bearish trend. Short positions can be considered near $0.4180 with tight risk management.
š” Key Notes:
ā¢ Take partial profits at TP1 and adjust SL to entry for a risk-free trade.
ā¢ Keep an eye on volume and potential support near $0.4050.
Trend: Bearish
Timeframe: 30-Min Chart