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

15 juin 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 juin 2021

Note

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 juin 2021

Transaction en cours

First entry filled

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

21 juin 2021

Transaction en cours

Second entry filled

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

22 juin 2021

Trade fermée: ordre d’arrêt atteint

SL hit with -21.67% and -1R

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