$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
Trade active:
First entry filled
Unifi did not forget about us and finally pulled back, patience paying off!
Unifi did not forget about us and finally pulled back, patience paying off!
Trade active:
Second entry filled
Unifi retested the wedge again and almost broke-down, last chance for a bounce!
Unifi retested the wedge again and almost broke-down, last chance for a bounce!
Trade closed: stop reached:
SL hit with -21.67% and -1R
Unifi lost trendline support and went for Fib 1 retest, even making a Lower Low here (LL)
Unifi lost trendline support and went for Fib 1 retest, even making a Lower Low here (LL)
Unifi has not pulled back (yet) and directly regained 50MA. entry seems to be far away now but let's be patient!