The UNFI/USDT Long Trade Setup chart shows a falling wedge !The UNFI/USDT Long Trade Setup chart shows a falling wedge pattern, which is a bullish technical indicator that suggests a potential reversal if it breaks upwards. Here is a detailed description of the setup:
The price is currently trading within a falling wedge, which is often seen as a signal for a bullish reversal.
A breakout above the wedge could signal an upward move, targeting higher resistance levels, as marked by the green box.
The chart shows the price bouncing off the lower trendline of the wedge (acting as support), with the upper trendline of the wedge acting as resistance.
The green box on the right side of the chart indicates potential profit-taking levels following the breakout.
If UNFI breaks above the wedge, the potential target is in the range of $14 to $16, as indicated by the upper part of the green box. This provides an adequate reward-to-risk ratio for long traders.
The stop-loss zone is located below the support level, around $2.00, indicating where traders can cut losses if the price moves against the setup.
This setup suggests a potential bullish breakout for UNFI/USDT. However, it is important to keep an eye on a decisive breakout above the wedge to confirm the bullish trend, while managing risk via stop-losses below key support. Would you like any additional details or adjustments to this analysis?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
Unfishort
UNFI : Short ideaUNFI broke below a key support area and is currently under bearish correction. A break below the red trendline will trigger further selloff and that will be a good shorting opportunity for UNFI
Unfi Short Scalp using CVD to confirm the trade - 84.86% profit BINANCE:UNFIUSDT BYBIT:UNFIUSDT COINBASE:UNFIUSD
Educational post on CVD or Cumulative Volume Delta and how I use it to confirm scalps and swing trades
Unfi Short Scalp using CVD to confirm the trade - 84.86% profit in 30 minutes!
Delta only shows us market orders. NB!!!
Bearish CVD: (used in this trade)
Price making LH but CVD making HH. People are aggressively market buying, but highs in price can’t be taken out. Bigger limit order trader has absorbed price
Bullish CVD:
More people market shorting (CVD) but Price forms HL. CVD makes LL.
if price making HL and more people market shorting, then a bigger trader or traders has come in with a limit order and absorbed the market shorts
Both leads to trapped traders and you can expect a decent follow through.
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
UNFI/USDTHi
Butterfly Pattern UNFI
you guys can hedge
buy long at green area and take profit at .886 C area
then, sell short at .886 C area and take profit at X or D leg if you want
but way safer if X area
anyways just giving you guys an idea and thoughts
its up to you guys
Reminder :
Always use stop loss
risk management
