LONG DEFIPERP on FTX for 8% Profit

Good morning Europe and Good afternoon Asia (and Good night to the Americas)

Sharing a Long on the DEFIPERP Indices on FTX. This index also exists on Binance but I'm used to trading the FTX one

It's a weighted sum index of the DeFi crypto tokens. Very easy to trade because the movements are slower compared to individual DeFi tokens displaying sometimes -/+ 90% in a single day

Setup

Entry: In the purple box

This trade is a bit risky and isn't completely bullish just yet. Though, the setup looks interesting - that's why I enter cautiously with a pullback

Take Profit: Aiming a bit before the Daily Traditional Pivot R1

Cheers
Daveatt

Trade active

Reducing the position size
Trade not invalidated yet but not going in the right direction

Trade closed: stop reached

Hard exited with a 30 USD loss

Daveatt

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Daveatt

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