After a significant correction from the $2,800 YFI has finally found strong support at the $2,499 level. The 4H chart shows a clear bullish rejection candle, signaling that the bottom might be in! ๐๐
The order book is heavily skewed towards the bulls, with 60.29% Demand absorbing the selling pressure. If we manage to flip the EMA(7) at 2,575 into support, a quick rally towards the 2,647 zone (EMA 25) is highly likely. ๐โจ
Strategic Insight:
Watch for a confirmation close above $2,580. With 60% of the market looking to buy, the momentum is shifting. Are you catching this bounce or waiting for a retest? Let's discuss in the comments! ๐๐ฐ