ZenMode

A Hail Mary

Long
COINBASE:YFIUSD   YFI/USD
This financial product is incredibly risky, and there are not many tokens of it in the market. User count and market cap is very very low compared to other recommendations – meaning this is a Hail Mary play. Not something to invest in, or bet the farm on.
I opened a long this past weekend, and added today. We can see these tokens in the past have been to the moon. They also have come back down from the moon.
Slope of the moving average is still ‘pointing down’ but the angle is not as aggressive. The trend is still bearish , but price is running into the 20dma and we will see if it can breach it:
Nice bounce off S2 off the daily pivots:
We can see volume aggressively picking up the panic selling here, which also comes with consolidation of token holders:

Good luck Trading mates.
Comment: massive +30% day! Let the winner run.

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.