YFI has produced a massive bullish triangle over the course of a few months, which has started at its inception. This trade is based on a break-out of this triangle.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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