$YFII/BTC 1D (Binance Spot) Descending trendline break & retest

DFi.Money is looking bottomed here, I expect it to reverse for mid-term.

Current Price= 0.05027
Buy Entry= 0.05072 - 0.04654
Take Profit= 0.06937 | 0.09592 | 0.12467
Stop Loss= 0.03609

Risk/Reward= 1:1.6 | 1:3.65 | 1:5.88
Expected Profit= +42.65% | +97.24% | +156.36%
Possible Loss= -26.61%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2 months

交易進行

All entries filled

Looks like DFI.Money was not bottomed yet and a last LL (Lower Low) was due.
Now it's back above the TL (Trend Line) support so we are still good to go IMO (In My Opinion)!

註釋

Support held and started to move up

DFI.money is slowly consolidating and showing some reversal signs here!

交易結束：達到停損點

SL hit with -25.79% (1x) and -1R

DFi Money crossed the descending Trendline and stopped us out, too bad 😖
For some reason the SL I used in the chart was a bit lower (0.03569₿) so you can stick to that one.
But it is highly probable that you would be stop hunted anyway.
I guess the timing was not good, I am still positive for mid-term and will try to enter again another day!