$UNI/USDT 4h (Binance Futures)Descending triangle break & retest
Updated
Uniswap is up-trending and looking good for another bounce on 50MA support, let's catch next dip!
More information on that DEx (Decentralized Exchange) and DeFi / BSC token on uniswap.org/
Current Price= 25.782
Buy Entry = 25.757 - 24.971
Take Profit= 27.834 | 29.419 | 23.381
Stop Loss= 23.381
Risk/Reward= 1:1.25 | 1:2.04 | 1:3.07
Expected Profit= +29.22% | +47.97% | +72.03%
Possible Loss= -22.26%
Fib. Retracement= 0.786 | 0.883 | 1
Margin Leverage= 3x
Estimated Gain-time= 3 weeks
More information on that DEx (Decentralized Exchange) and DeFi / BSC token on uniswap.org/
Current Price= 25.782
Buy Entry = 25.757 - 24.971
Take Profit= 27.834 | 29.419 | 23.381
Stop Loss= 23.381
Risk/Reward= 1:1.25 | 1:2.04 | 1:3.07
Expected Profit= +29.22% | +47.97% | +72.03%
Possible Loss= -22.26%
Fib. Retracement= 0.786 | 0.883 | 1
Margin Leverage= 3x
Estimated Gain-time= 3 weeks
Note
EDIT: TP3= 31.455 like in the chartTrade active
First entry filledUniswap is holding the support nicely, we still expect a big move soon, let's wait for it!
Trade closed: target reached
TP1 missed by 0.028$ with up to +28.89% (3x)Uniswap pumped as forecast, unfortunately it reversed right before hitting target, probably for next attempt then.
Trade closed: target reached
TP1 reached with +29.22% (3x) and +1.25RUniswap properly hit the first target this time and looks good for more.
SL adjusted to lowest entry (24.971$) and patiently waiting for higher highs!
Trade closed manually
Remaining position hit adjusted SL with -4.65% (3x) and -0.20RUniswap went the south way, good thing we protected the trade!
Average profit +12.29% (3x) and +0.53R if you TP half at 1st target.
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