$YFII/BTC 1D (Binance Spot) Descending trendline break & retest

22 Şub 2021

DFi.Money is looking bottomed here, I expect it to reverse for mid-term.

Current Price= 0.05027
Buy Entry= 0.05072 - 0.04654
Take Profit= 0.06937 | 0.09592 | 0.12467
Stop Loss= 0.03609

Risk/Reward= 1:1.6 | 1:3.65 | 1:5.88
Expected Profit= +42.65% | +97.24% | +156.36%
Possible Loss= -26.61%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2 months

26 Şub 2021

İşlem aktif

All entries filled

Looks like DFI.Money was not bottomed yet and a last LL (Lower Low) was due.
Now it's back above the TL (Trend Line) support so we are still good to go IMO (In My Opinion)!

8 Mar 2021

Not

Support held and started to move up

DFI.money is slowly consolidating and showing some reversal signs here!

12 Mar 2021

İşlem kapandı: durdurma seviyesi

SL hit with -25.79% (1x) and -1R

DFi Money crossed the descending Trendline and stopped us out, too bad 😖
For some reason the SL I used in the chart was a bit lower (0.03569₿) so you can stick to that one.
But it is highly probable that you would be stop hunted anyway.
I guess the timing was not good, I am still positive for mid-term and will try to enter again another day!

21 Nis 2021

Not

New set-up: