Yearn Finance / TetherUSD long idea 🚀
YFI looks to be forming higher lows and higher highs, it looks like it's slowly forming into a parabola.
I will be accumulating long positions on the retracement between the fibonacci levels and previous market key levels, both of which line up perfectly.
It also has been forming a rounding bottom, which is bullish.
The stop will be set just under 40k because of the huge buy wall there (psychological support and high demand in that zone).
/!\ Disclaimer: Always do your own research, this is not financial advice, just my though process! /!\
I will be accumulating long positions on the retracement between the fibonacci levels and previous market key levels, both of which line up perfectly.
It also has been forming a rounding bottom, which is bullish.
The stop will be set just under 40k because of the huge buy wall there (psychological support and high demand in that zone).
/!\ Disclaimer: Always do your own research, this is not financial advice, just my though process! /!\
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