$ELF /USDT Trading Strategy

The $ELF /USDT chart shows a massive bullish breakout with a +30.83% gain, currently trading at $0.2894. The 24-hour high is $0.3660, and the low is $0.2174, with significant volume spikes indicating strong buying interest.

Entry Strategy:

• Long Entry: Breakout above $0.3000 with volume confirmation.

• Target: $0.3500

• Stop Loss: $0.2800

• Short Entry: Breakdown below $0.2700 with decreasing volume.

• Target: $0.2400

• Stop Loss: $0.2900

Analysis:

The price surge is backed by high volume, suggesting strong momentum. However, caution is needed as quick pullbacks are possible. Wait for consolidation or breakout confirmation before entering.

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