Today is an interesting day for crypto. We're seeing a nice little pull back off of many of the recent highs. Bitcoin tested 12,800 and many DeFi coins tested their ATH or at least their recent highs over the past year or so.
Many of these projects will drop heavily in value -- even more heavily than they have already.
The general DeFi market is cooling off and some worry that this is a permanent thing.
I am not one of those people.
I tend to think that we're still in the beginning stages of this DeFi run. Similar to the ICO run, we can see months of activity here in terms of price rallies and new projects coming to the forefront.
My first target to enter KNC is right around $1.67 (current market price). I'll likely get filled on this first entry before I hit publish on this post.
The second target is around $1.5-$1.55. I've set some bids and if those get filled, I'll set some more bids down at the 3rd target level of $1.35.
My exit target is just below the recent highs at $1.95.
DYOR! DeFi is an incredibly new and valuable space. A lot of money can be made and lost here.
