Good morning Europe and Good afternoon Asia (and Good night to the Americas)
Sharing a Long on the DEFIPERP Indices on FTX. This index also exists on Binance but I'm used to trading the FTX one
It's a weighted sum index of the DeFi crypto tokens. Very easy to trade because the movements are slower compared to individual DeFi tokens displaying sometimes -/+ 90% in a single day
Setup
Entry: In the purple box
This trade is a bit risky and isn't completely bullish just yet. Though, the setup looks interesting - that's why I enter cautiously with a pullback
Take Profit: Aiming a bit before the Daily Traditional Pivot R1
Cheers Daveatt
Trade active
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Reducing the position size Trade not invalidated yet but not going in the right direction