$YFI faced a sharp rejection after testing the $2,819 resistance level, with sellers quickly taking control and reversing the recent rally.
The sharp increase in open interest, aggressive taker selling, and failure to sustain higher prices suggest the recent move may have been a liquidity-driven expansion rather than the start of a sustained uptrend. As long as price remains below key resistance, the short-term bias favors the downside.
Trade Setup
- Entry: $2,532–$2,582
- Take Profit 1: $2,350
- Take Profit 2: $2,100
- Take Profit 3: $1,850
- Stop Loss: $2,850
A sustained move above $2,850 would invalidate the bearish setup. Until then, the strategy remains to sell rallies while maintaining disciplined risk management.
$YFI
#RMJ_trades
#BinanceTurns9
#JapanBondYieldHits30YearHigh
#HongKongCompletesFirstGoldTradeSettlement
The sharp increase in open interest, aggressive taker selling, and failure to sustain higher prices suggest the recent move may have been a liquidity-driven expansion rather than the start of a sustained uptrend. As long as price remains below key resistance, the short-term bias favors the downside.
Trade Setup
- Entry: $2,532–$2,582
- Take Profit 1: $2,350
- Take Profit 2: $2,100
- Take Profit 3: $1,850
- Stop Loss: $2,850
A sustained move above $2,850 would invalidate the bearish setup. Until then, the strategy remains to sell rallies while maintaining disciplined risk management.
$YFI
#RMJ_trades
#BinanceTurns9
#JapanBondYieldHits30YearHigh
#HongKongCompletesFirstGoldTradeSettlement