TradingOn

$DEFI/USDT 1h (Binance Futures) Symmetrical triangle breakout

Long
TradingOn Updated   
BINANCE:DEFIUSDT.P   DEFI / TetherUS PERPETUAL CONTRACT
DeFi
Comment:
ℹ️$DEFI/USDT: More information about #DeFi tokens

To see the updated list and weights, open that link and go to Component Info tab (under the chart next to Price):
www.binance.com...nding-history/3?contract=D...

You'll see #ChainLink ($LINK) is still leading the pack by almost 15% dominance, but #Uniswap ($UNI) ~9% just took the 2nd place, and the 3rd for #Aave ($AAVE) ~8%!

Then come #Maker ($MKR) 5.7%, #Synthetix ($SNX) with 5.5% and #Yearn ($YFI) which fell from 8 to 5%, more reason to be bullish on it!

New comers to the index since last update: #1inch ($1INCH) & #Alpha ($ALPHA) with ~3.4% each, #Loopring ($LRC) ~3.1% and #Bella ($BEL) ~1.6%

After that, many others represent around 4, 3 or 2% of the index:
#Curve ($CRV), #Compound ($COMP), #Ren ($REN),
#Reserve ($RSR), #ThorChain ($RUNE), #Band ($BAND),
#Swipe ($SXP), #Kyber ($KNC), #0x ($ZRX), #Kava ($KAVA),
#DFiMoney ($YFII), #Serum ($SRM), #Balancer ($BAL),
#bZx ($BZRX), #Tellor ($TRB)

I still wonder why #SushiSwap ($SUSHI), #Fantom ($FTM) or even #Dia ($DIA) have no place in here but maybe they'll add it later.
For #Akropolis ($AJRO) I guess it's because it's in #DotEco index!

That's for the ones in Binance Futures, for the full list of total market, go to #CoinMarketCap:
coinmarketcap.com/defi/

If I would chose 12 more of them, that would be:
#Terra ($LUNA), #Ampleforth ($AMPL), #Bancor ($BNT),
#Augur ($REP), #Injective ($INJ), #Orion ($ORN), #Bounce ($BOT), #Ramp ($RAMP), #Origin ($OGN), #Ferrum ($FRM), #Coti ($COTI), #YfDai ($YFDAI)...

Don't buy them all, at least not at once, try to focus on a few and look for decent dips to enter partially, you can also let limit orders laddering down.
I wouldn't recommend using leverage at all, but if you really want to lever then max 3x would be my advice!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.