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$UNFI/USDT 4h (Binance Futures) Ascending channel on midline

20
Unifi Protocol DAO looks good for more uptrend, expecting it manages to stay above 50MA.

Current Price= 6.775
Buy Entry= 6.728 - 6.470
Take Profit= 7.589 | 8.255 | 9.307
Stop Loss= 5.771

Risk/Reward= 1:1.2 | 1:2 | 1:3.27
Expected Profit= +15.00% | +25.09% | +41.04%
Possible Loss= -12.55%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active
All entries filled

Unifi Protocol got rejected on 200MA and is now retesting 50MA, would be a good time for a bounce...

snapshot
Trade closed: target reached
TP1 reached with +15.00% (1x) and +1.2R

Unifi Protocol bounced on 50MA and confirmed the bullish break-out nicely!
Then it got rejected on upper-line channel and went for a retest of 200MA which is regained now.

snapshot
Trade closed: target reached
TP2 reached with +25.09% (1x) and +2R

And that's a parallel channel break-out, well done Unifi Protocol 👏🏼
SL was moved to first entry now (6.728$) so we've got a winner here!

snapshot
Trade closed: target reached
TP3 was reached with +41.04% (1x) and +3.27R

Unifi Protocol made it to last target then retraced down, good thing we fully Took Profit on local top!
Right now it is about to retest 200MA support, could be a buy back opportunity soon. 👀

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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.