Reef Finance is a DEFI liquidity aggregator and return engine that helps investors assess their risk level and start making profits.
According to the developers, the project will take liquidity from DEFI and regular exchanges, liquidity pools, as well as from other sources into one global pool.
REEF is the token of the Reef Finance project, which is used for governance, payment of fees, staking in pools and yield farming.
The project operates on the Polkadot protocol, so the success of the coin depends entirely on the DOT coin.
🕯 Technical analysis
The coin successfully broke through and settled above the medium-term downward trend.
Now the coin is actively trying to consolidate above long-term moving averages.
Indicators are unloaded.
The most interesting thing is what volumes have been included in the coin over the past 4 months!
And the profile volume only confirms the interest in buying at +- current levels.
💡 Entry price: $0.001973 (current)
🦌 Stop loss: better without a stop
🎯 Goals: 0.006028 $ 0.01176 $ and keep a third further
You definitely need to buy the coin, but, unfortunately, it is not available on Binance.
There is no point in placing a stop, just as there is no point in opening a position with leverage. The coin is low in liquidity, so volatility may be increased.
In any case, the goals specified in the idea are minimal and in theory the price can give up to x10 from current prices in the medium term.
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