(DEFI) Trading Report

January 28, 2024, 23:16 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DEFI

• Buy DEFI slightly over 47.68 target 54.14 stop loss @ 47.54 Details

The technical summary data tells us to buy DEFI near 47.68 with an upside target of 54.14. This data also tells us to set a stop loss @ 47.54 to protect against excessive loss in case the stock begins to move against the trade. 47.68 is the first level of support below 49.9894 , and by rule, any test of support is a buy signal. In this case, support 47.68 is being tested, a buy signal would exist.

• Short DEFI slightly under 54.14, target 47.68, stop loss @ 54.3 Details

The technical summary data is suggesting a short of DEFI as it gets near 54.14 with a downside target of 47.68. We should have a stop loss in place at 54.3though. 54.14 is the first level of resistance above 49.9894, and by rule, any test of resistance is a short signal. In this case, if resistance 54.14 is being tested, a short signal would exist.

Swing Trading Plans for DEFI

• Buy DEFI slightly over 54.14, target n/a, Stop Loss @ 53.98 Details

If 54.14 begins to break higher, the technical summary data tells us to buy DEFI just slightly over 54.14, with an upside target of n/a. The data also tells us to set a stop loss @ 53.98 in case the stock turns against the trade. 54.14 is the first level of resistance above 49.9894, and by rule, any break above resistance is a buy signal. In this case, 54.14, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short DEFI slightly near 54.14, target 47.98, Stop Loss @ 54.3. Details

The technical summary data is suggesting a short of DEFI if it tests 54.14 with a downside target of 47.98. We should have a stop loss in place at 54.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.14, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DEFI

• Buy DEFI slightly over 54.14, target n/a, Stop Loss @ 54.01 Details

If 54.14 begins to break higher, the technical summary data tells us to buy DEFI just slightly over 54.14, with an upside target of n/a. The data also tells us to set a stop loss @ 54.01 in case the stock turns against the trade. 54.14 is the first level of resistance above 49.9894, and by rule, any break above resistance is a buy signal. In this case, 54.14, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short DEFI slightly near 54.14, target 49.79, Stop Loss @ 54.27. Details

The technical summary data is suggesting a short of DEFI if it tests 54.14 with a downside target of 49.79. We should have a stop loss in place at 54.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.14, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

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DEFI Ratings for January 28:

Support and Resistance Plot Chart for DEFI

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Hashdex Bitcoin Futures Etf (NASDAQ: DEFI) while incorporating prudent risk controls. 

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DEFI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DEFI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DEFI too.  All of these are offered below the Summary Table.