#DEFI
Timeframe: 4H
</strong>In January, I updated the DeFi index here for the last time: t.me/waves89/4635. Then I expected a correction inwave [ii] along the dotted line. Until that happens.And if the hypothesis is correct, then now there are good entry points for tokens from the index for the medium term with adequate stops according to the channel doubling strategy.
But it's all catching knives for investors.As for the entries for traders, we have to wait for now. For example, if a trend channel breaks up, place a trigger there. I roughly marked this place on the chart with a green level.
Read this:
DeFi tokens: entry point
Sometimes it happens that the entry point can be the beginning of a powerful trend of 5000-10000 pips, and sometimes the entry point only gives 500-2000 pips. Here's how to learn to distinguish one from the other?
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