YFI's Move To Horizontal Support Gives Us A 52% Opportunity!

In this technical analysis you can see how YFI is moving in on the strong horizontal support area we have observed before. I show you how you can make use of this area to enter a 52% return trade opportunity.

Now, we see that the price is getting close to the support zone again. I suggest going in for a long position near the $21,500 level for a trade set-up with fantastic risk reward.

Essentially we want to bet on the horizontal level to hold strongly like it did in the past. Enter with small positions since even when your stop loss hits by breaking through the support you can suffer a pretty big loss given the volatility of YFI.