📈 Technical Analysis: Yearn Finance ( $YFI )



Market capitalization: $294 million.
After a prolonged downward movement, the YFI chart has decided to correct with fairly long bullish candles. Let's try to trade this movement.

Strategy❕

🗣Buy. Try to catch a small price dip to open a buy position. Place the stop behind the nearest support level. Take profit before the resistance level.

🗣The risk-reward ratio should be acceptable at the current price level.
If the stop triggers, then consider shorts.

🗣This depends on the position of extremes for setting the stop and how dynamically the situation develops.

Conclusion:
YFI is showing signs of correction after a strong decline. Classic strategy on repeating patterns if the pattern repeats, you can profit.

📈 Open trade with $YFI ‌🔗 Chat • X • HRUMfamily
YFI7.01%
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