YFI seems exhausted, likely next target 14.5k before new highs
Disclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
A lot of buzz been surrounding YFI recently, I never liked the fundamentals of this coin. However, who cares about fundamentals when we can buy low and sell high? So right now I see a healthy bullish cycle which seems about ready to start with its corrective phase. The target of the correction is a round 14k, which is also where I might be looking for longs (depends of course how we get there). So the high leverage trade idea short term is a short. The following set up is backed by EW count too.
Entry: 18-19k SL: 19k TP1: 14k
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
A lot of buzz been surrounding YFI recently, I never liked the fundamentals of this coin. However, who cares about fundamentals when we can buy low and sell high? So right now I see a healthy bullish cycle which seems about ready to start with its corrective phase. The target of the correction is a round 14k, which is also where I might be looking for longs (depends of course how we get there). So the high leverage trade idea short term is a short. The following set up is backed by EW count too.
Entry: 18-19k SL: 19k TP1: 14k