A long-term position has been initiated in DEFT at an average cost basis of $2.13. The entry aligns with technical support near prior consolidation levels, with an outlook favouring gradual accumulation for potential upside participation.
Level 1: Partial trim of 40% of the position at $4.90, corresponding to the previous swing high and a key resistance zone.
The remaining 60% of the position will be maintained for potential long-term appreciation, with ongoing evaluation based on evolving technical structure, trading volume behaviour, and fundamental developments within the DeFi sector.
Level 1: Partial trim of 40% of the position at $4.90, corresponding to the previous swing high and a key resistance zone.
The remaining 60% of the position will be maintained for potential long-term appreciation, with ongoing evaluation based on evolving technical structure, trading volume behaviour, and fundamental developments within the DeFi sector.
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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.
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.