$YFI/USDT 1h (Binance Futures) Falling wedge breaking out
Yearn.finance is looking bullish again, let's scalp the break-out!
Current Price= 29695.6
Buy Entry= 29702.4 - 29340.2
Take Profit= 31037.9 | 32369.3 | 34772.9
Stop Loss= 27964.7
Risk/Reward= 1:1 | 1:1.87 | 1:3.43
Expected Profit= +10.42% | +19.44% | +35.74%
Possible Loss= -10.42%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 120h
Current Price= 29695.6
Buy Entry= 29702.4 - 29340.2
Take Profit= 31037.9 | 32369.3 | 34772.9
Stop Loss= 27964.7
Risk/Reward= 1:1 | 1:1.87 | 1:3.43
Expected Profit= +10.42% | +19.44% | +35.74%
Possible Loss= -10.42%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 120h
Trade active
All entries filledNote
Went lower than expectedYearnFinance felt back inside the wedge, not looking too promising right now but I'll stick to the plan.
Note
And it bouncedYearnFinance is going up at last, let's reach some target now!
Also, you can start taking some partial profit here if you entered too big...
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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.