TheFD

Reef Finance; Bullish/Bearish scenario

Long
BINANCE:REEFUSDT   REEF / TetherUS
Currently, $REEF is trading on the trend line. Two scenarios in this TA.
TBA; REEF staking baskets. - January / February

Bullish Scenario
Rule; Sell pressure should be less after finishing Binance Farming, REEF staking baskets are live and working;
Looking for a swing back to 0.026 USDT

Bearish Scenario
Rule; Volume declines, REEF staking baskets delayed/or live and not working properly;
Looking for a swing back to 0.009 - 0.008USDT levels

Watchlevels
- 0.0191 usdt
- 0.0175 usdt
- 0.0165 usdt
- 0.0154 usdt
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