YB/USDT: Consolidating at MA60 Pivot in DeFi Space 🔄
YB is trading at $0.2560, up +0.12% today, showing consolidation near a key technical level. The price is testing the MA60 ($0.2548), which now acts as immediate support. The 24-hour range is defined by resistance at $0.2573 and support at $0.2414, indicating a tight trading zone.
Trade Idea (Pivot Play & Breakout):
Scenario 1 (Long on MA60 Support):
Entry Zone: $0.2548 – $0.2560 (near MA60 support bounce)
Stop Loss (SL): Below $0.2525 (loss of MA60 structure)
Take Profit Targets (TP):
TP1: $0.2580 (initial resistance)
TP2: $0.2600 (next psychological level)
Scenario 2 (Short on MA60 Breakdown):
Entry Trigger: Loss of MA60 and drop below $0.2540
Stop Loss (SL): Above $0.2570
Take Profit (TP): $0.2500 → $0.2470
Volume is relatively low at 721.65K USDT. The weekly trend remains negative (-31.00% 7D), but holding above MA60 could signal short-term stabilization.