$UNFI/USDT 8h (Binance Futures) Descending wedge breakout

15 Haz 2021

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

18 Haz 2021

Not

Went straight up almost hitting TP1

Unifi has not pulled back (yet) and directly regained 50MA. entry seems to be far away now but let's be patient!

18 Haz 2021

İşlem aktif

First entry filled

Unifi did not forget about us and finally pulled back, patience paying off!

21 Haz 2021

İşlem aktif

Second entry filled

Unifi retested the wedge again and almost broke-down, last chance for a bounce!

22 Haz 2021

İşlem kapandı: durdurma seviyesi

SL hit with -21.67% and -1R

Unifi lost trendline support and went for Fib 1 retest, even making a Lower Low here (LL)