Long
$UNFI/USDT 8h (Binance Futures) Descending wedge breakout
Unifi Protocol DAO broke-out and is looking ready for bullish continuation after a last pull-back!
Current Price= 9.247
Buy Entry= 8.560 - 7.870
Take Profit= 10.877 | 13.305 | 16.295
Stop Loss= 6.435
Risk/Reward= 1:1.5 | 1:2.86 | 1:4.54
Expected Profit= +32.40% | +61.96% | +98.36%
Possible Loss= -21.67%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Current Price= 9.247
Buy Entry= 8.560 - 7.870
Take Profit= 10.877 | 13.305 | 16.295
Stop Loss= 6.435
Risk/Reward= 1:1.5 | 1:2.86 | 1:4.54
Expected Profit= +32.40% | +61.96% | +98.36%
Possible Loss= -21.67%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Note
Went straight up almost hitting TP1Unifi has not pulled back (yet) and directly regained 50MA. entry seems to be far away now but let's be patient!
Trade active
First entry filledUnifi did not forget about us and finally pulled back, patience paying off!
Trade active
Second entry filledUnifi retested the wedge again and almost broke-down, last chance for a bounce!
Trade closed: stop reached
SL hit with -21.67% and -1RUnifi lost trendline support and went for Fib 1 retest, even making a Lower Low here (LL)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.