Technical analysis by Risk_Adj_Return about Symbol YFI: Buy recommendation (5/21/2025)

YFI | Long | Yield Farming Support + Spot Demand | (May 21, 2025)1️⃣ Quick Summary:Yearn Finance is sitting at a key support level and just gave an entry opportunity. With open interest cooling down and price stabilizing, this looks like a solid setup for a cautious long, especially if momentum builds.2️⃣ Trade Parameters:Bias: LongEntry Zone: Around current support – confirming the entry as the level heldStop Loss: Around 5% below entry to manage riskTP1: $6,100TP2: $7,500TP3: $8,500TP4: $9,162Final TP: $11,919Looking to compound if price climbs steadily—this trade has multi-leg potential.3️⃣ Key Notes:✅ Price held a key support zone and is reacting positively—bullish bias from here.✅ Yearn simplifies DeFi by automating yield farming—strong utility for passive DeFi users.✅ YFI has no pre-mine, strong community governance, and a suite of yield optimization tools (Vaults, Earn, Zap, Cover).❌ If BTC or ETH weakens heavily, YFI might not hold—watch macro sentiment closely.❌ This is a cautious entry—confirm strength before sizing up.4️⃣ Follow-Up Plan:If we clear early targets with strength, I’ll look to update this with a compounding plan and new resistance levels.Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.