UNITY | Parallel Channel On Weekly Time FrameThe price is moving in a parallel on the daily timeframe, indicating a potential massive bullish rally. Showed a pull back from 200-day EMA and currently 4% up. We anticipate a 45% bullish wave in the coming days.
Trading Strategy
- Entry: Consider long positions at 27.50
- Stop-loss: Set at 23.93, just below the support level
- Risk-reward ratio: 1:3.5
- Swing Trade Target Level: 40
Trading Reminder
- Assess your risk and calculate potential losses before entering any trade.
- Trade wisely and only enter positions that align with your strategy and risk tolerance.
- Stay calm and avoid impulsive decisions driven by FOMO. Trading is a long-term journey.
