$YFI has rallied 4.51% in the last 24 hours, approaching its upper Bollinger Band at 5779.
Trading near this level could indicate overextension, suggesting a possible pullback.
Key support is at 5339, while resistance stands at 5811.
As volatility appears to be contracting, traders should exercise caution.
Consider placing a stop-loss slightly below the lower Bollinger Band at 5679.
It’s advisable to wait for a clearer signal before entering a position.
Set alerts for key levels to stay informed on potential breakouts or reversals.