YFI/USDT 1h (Binance Futures) Bullish pennant forming
YearnFinance is back to high volatility and is looking quite bullish, I believe it will outperform Bitcoin this week.
But as we know, it is highly probable that it revisits the support of the pennant to hunt some Stops, that's why I put entries down there!
Current Price= 15110.2
Buy Entry= 14066.9 - 13179.1
Take Profit= 15759.4 | 18079.3 | 19738.3
Stop Loss= 11486.6
Risk/Reward= 1:1 | 1:2.09 | 1:2.86
Expected Profit= +15.68% | +32.71% | +44.89%
Possible Loss= -15.68%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 120h
But as we know, it is highly probable that it revisits the support of the pennant to hunt some Stops, that's why I put entries down there!
Current Price= 15110.2
Buy Entry= 14066.9 - 13179.1
Take Profit= 15759.4 | 18079.3 | 19738.3
Stop Loss= 11486.6
Risk/Reward= 1:1 | 1:2.09 | 1:2.86
Expected Profit= +15.68% | +32.71% | +44.89%
Possible Loss= -15.68%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 120h
Unfortunately, entry was missed 537.6$, the dip wasn't strong enough.
Luckily, in Premium we entered early on Spot vs BTC and just reached last target!
Maybe on a massive pull-back it could still play out so I'll let that set-up run, just in case...