Here's the latest update on our YFII analysis. In our previous YFI idea, we strategically set up both long and short positions with pinpoint accuracy. Now, as we hold these positions, let's explore what's on the horizon.
We believe that this asset needs a healthy correction before attempting to establish new mid-term highs. While there's still some risk due to the exuberance and bullish sentiment in the market, the current structure offers two potential trading approaches.
For those already in position, the ride might be smoother with both the top and bottom of the range. If you're not yet in, it's best to patiently wait for a break and retest either to the upside or the downside. This setup resembles a symmetrical triangle.
To continue the discussion and dive deeper into navigating this setup, I encourage you all to hit that 'Like' button and share these insights with your fellow traders. With enough engagement, we'll explore this trade further and unlock its full potential. Stay tuned for more insights and let's make the most of this opportunity together
We believe that this asset needs a healthy correction before attempting to establish new mid-term highs. While there's still some risk due to the exuberance and bullish sentiment in the market, the current structure offers two potential trading approaches.
For those already in position, the ride might be smoother with both the top and bottom of the range. If you're not yet in, it's best to patiently wait for a break and retest either to the upside or the downside. This setup resembles a symmetrical triangle.
To continue the discussion and dive deeper into navigating this setup, I encourage you all to hit that 'Like' button and share these insights with your fellow traders. With enough engagement, we'll explore this trade further and unlock its full potential. Stay tuned for more insights and let's make the most of this opportunity together
Wrapping up our YFII analysis, it's essential to consider the bearish perspective. While we've laid out a scenario for a potential healthy correction, we must acknowledge that the market remains in a state of exuberance, and bullish sentiment persists.
However, it's worth highlighting that our previous analysis has been remarkably accurate, boasting a 99.5% success rate in terms of entry and exit points for our long positions. Additionally, our short hedge was executed flawlessly, providing a perfect entry opportunity.
When we initially published our analysis regarding settlement, the signals were clear and precise. This track record demonstrates our commitment to providing valuable insights and strategies to fellow traders.
As we await the market's next move, it's crucial to remain open to various scenarios and trading strategies. The 'Like' button is your invitation to join the discussion and explore the full potential of this trade. Together, we can adapt and thrive in the ever-evolving world of trading.