#UNI/USDT 12h (ByBit) Rising wedge breakdown and retest

Uniswap lost 50MA and looks good for bearish continuation towards 200MA support.

⚡️⚡️ #UNI/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (4.4X)
Amount: 5.0%

Current Price:
6.546

Entry Targets:
1) 6.624

Take-Profit Targets:
1) 5.423

Stop Targets:
1) 7.226

Published By: @TradingOn

UNI UNIUSDT.P #Uniswap #DEx uniswap.org

Risk/Reward= 1:2.0
Expected Profit= +79.8%
Possible Loss= -40.0%
Estimated Gaintime= 1-2 weeks

Comment:

UNI is going down as expected but entry was missed by 0.066$, unfortunately.

Trade active:

ByBit USDT
UNIUSDT.P All entry targets achieved
Average Entry Price: 6.624 💵

UNI went back up and regained 50MA support, does not look too bearish anymore though.

Comment:

⚡️⚡️ UNIUSDT.P ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (4.4X)
Amount: 5.0%

Entry Targets:
1) 6.624 ✅

Take-Profit Targets:
1) 5.423

Stop Targets:
1) 6.624

Published By: @Zblaba

UNI finally retraced down to 200MA support, but not enough to hit our target (yet), time to secure the trade moving SL to BE.

Trade closed manually:

ByBit USDT
UNIUSDT.P Stop Target Hit ⛔️
Profit: -0.0%

UNI reversed and went all the way back up to Break-Even, we got kicked out.