DEFI OUTRAN BITCOIN INTO FED NIGHT WHILE LINK BANKED 12
CoinGecko DeFi board this morning reads up 5 percent while Bitcoin is up 2 percent near 81500 dollars
That gap is the whole story on a Fed day
Nobody is swinging for the fences before 9 PM tonight
Money is hiding in the boring names that actually earn their keep
$LINK is the strongest tape in the pack at 12 dollars and up 4 percent with a range from 11 dollars to 12 dollars and turnover near 12 million dollars
$AAVE is the steadier range trade at 135 dollars and up 3 percent with a range from 130 dollars to 137 dollars and turnover near 17 million dollars
Uniswap is the quiet one at 7 dollars and up 2 percent with turnover near 22 million dollars
Big turnover and small moves
That is what a market waiting on the Fed looks like
Here is how I am playing the leader
Entry zone 11 dollars to 12 dollars right around the morning range
Target 12 dollars where sellers capped the morning
Stop on a daily close below 11 dollars because that kills the range
My take as an analyst
DeFi is not leading some grand rotation today
It is just the corner of the market where buyers still show up while everyone else waits on Powell at 930 PM
Trade the range and do not marry the thesis
A daily close below 11 dollars on LINK ends this read and I will own that tomorrow
So are you hiding in DeFi ranges tonight or sitting in Bitcoin until the Fed speaks
$AAVE $LINK
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #DeFi
CoinGecko DeFi board this morning reads up 5 percent while Bitcoin is up 2 percent near 81500 dollars
That gap is the whole story on a Fed day
Nobody is swinging for the fences before 9 PM tonight
Money is hiding in the boring names that actually earn their keep
$LINK is the strongest tape in the pack at 12 dollars and up 4 percent with a range from 11 dollars to 12 dollars and turnover near 12 million dollars
$AAVE is the steadier range trade at 135 dollars and up 3 percent with a range from 130 dollars to 137 dollars and turnover near 17 million dollars
Uniswap is the quiet one at 7 dollars and up 2 percent with turnover near 22 million dollars
Big turnover and small moves
That is what a market waiting on the Fed looks like
Here is how I am playing the leader
Entry zone 11 dollars to 12 dollars right around the morning range
Target 12 dollars where sellers capped the morning
Stop on a daily close below 11 dollars because that kills the range
My take as an analyst
DeFi is not leading some grand rotation today
It is just the corner of the market where buyers still show up while everyone else waits on Powell at 930 PM
Trade the range and do not marry the thesis
A daily close below 11 dollars on LINK ends this read and I will own that tomorrow
So are you hiding in DeFi ranges tonight or sitting in Bitcoin until the Fed speaks
$AAVE $LINK
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #DeFi
