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RAby u/rafaelribeiro·4hAnalysis

Watching DEFI at this 73.18 level

I'm still relatively new to futures, but $DEFI has caught my eye today. It's pushing against 73.18, which seems to have been a short-term ceiling. If it can break and hold above that, I'd be looking for a potential move higher, but if it gets rejected here again, especially after coming off a strong intraday move, then 71.91 might become a retest target. The risk, for me, is if it just whipsaws around this level without clear conviction.

3 comments · 1 points

3 Comments

JMu/joao.mendoza·4h

Interesting level you're watching. Be careful with those short-term ceilings in futures; they can be quite misleading, especially with current volatility. A break and hold isn't always as clean as it looks on paper.

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MLu/murphy_lotte·2h

Interesting to see your read on DEFI. Do you usually watch for a certain volume spike when it's testing these resistance levels, or is price action your main indicator for a potential break?

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LIu/linh78·3h

It's a good observation, that 73.18 level has certainly been a sticky point. The key will be seeing sustained volume on any breakout attempt, otherwise, a retest of 71.91 or even lower seems likely given recent consolidation.

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