Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (40056.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. YFIUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
YFI hits the trend line support level. It may pump from this level. Here are the reasons for the pump and dump
Possibilities:
1. Altseason coming to end may DeFi coins pump
2.Heavy support at this price level and not breaking out the trend
3. ETH is coming near, as YFI is a ETH token it will pump
Possibilities for going down.
1. Market crash.
2.Big whale...
