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$YFI /USDT ā BULLISH MOMENTUM WITH STRONG SUPPORT šš„
$YFI has shown impressive strength, climbing from the $5,129 low to a 24H high of $5,450 before consolidating near $5,397. The price action shows a healthy retracement after the rally, with bulls maintaining control and defending key support levels.
š Key Technical Levels
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Support Zone: $5,250 ā $5,300
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Immediate Resistance: $5,450
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Major Resistance: $5,600 ā $5,750
š Trade Setup
šÆ Entry Zone: $5,320 ā $5,400
ā Stop Loss (SL): $5,200
šÆ Take Profit (TP):
⢠TP1: $5,450
⢠TP2: $5,600
⢠TP3: $5,750
ā” Market Outlook
The breakout from $5,129 toward $5,450 shows strong bullish interest supported by volume. After hitting resistance, the market is now consolidating in a narrow range, suggesting accumulation before the next potential breakout.
If bulls push the price above $5,450 with momentum, we may see a rally toward $5,600 and $5,750. On the downside, if $5,250 fails to hold, the pair may retest $5,100 as the next major support.
š Risk Management
Always manage risk wisely. Use tight stop-losses around $5,200 to protect downside and avoid over-leveraging in volatile conditions.
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$YFI