$YFI/USDT 1D (#BinanceFutures)Descending wedge breakout & retest
Yearn Finance just pulled back to 50MA support where we expect to bounce back and resume bullish.
yearn.finance
Current Price= 30422
Buy Entry = 30263 - 27863
Take Profit= 36789 | 44967 | 57350
Stop Loss= 23896
Risk/Reward= 1:1.5 | 1:3.08 | 1:5.47
Expected Profit= +26.58% | +54.72% | +97.33%
Possible Loss= -17.78%
Fib. Retracement= 0.441 | 0.559 | 0.702
Margin Leverage= 1x
Estimated Gain-time= 3 months
yearn.finance
Current Price= 30422
Buy Entry = 30263 - 27863
Take Profit= 36789 | 44967 | 57350
Stop Loss= 23896
Risk/Reward= 1:1.5 | 1:3.08 | 1:5.47
Expected Profit= +26.58% | +54.72% | +97.33%
Possible Loss= -17.78%
Fib. Retracement= 0.441 | 0.559 | 0.702
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active:
2/3 entries filled
YearnFinance dipped to the demand zone again and this time we are in.
YearnFinance dipped to the demand zone again and this time we are in.
Trade closed: stop reached:
SL hit with -17.78% (1x) and -1R
Yearn Finance went through all supports like it was nothing and formed a Bart pattern 🤷🏻♂️
Yearn Finance went through all supports like it was nothing and formed a Bart pattern 🤷🏻♂️
Yearn Finance instantly bounced back but by the time we made the signal it was already above entry, we may be filled on next big dip.