$ELF ELF/USDT Trading Signal - Downtrend Testing Key Support
Current Price: $0.4810
EMA Trends:
EMA(7): $0.4890
EMA(25): $0.4985
EMA(99): $0.4942
Observation:
ELF/USDT is trading below all key EMAs, indicating a bearish trend. The recent low of $0.4754 serves as immediate support, while resistance lies near $0.4900.
Potential Strategy:
Entry Range: $0.4750 - $0.4800
Targets:
Target 1: $0.4850
Target 2: $0.4900
Stop Loss: $0.4700
Key Insights:
Breaking below $0.4750 may result in further bearish momentum, while reclaiming $0.4900 could signal a potential reversal. Monitor volume for confirmation of trend shifts.
