$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

Commento:

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!

Trade attivo:

First entry filled

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

Trade attivo:

Second entry filled

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

Trade chiuso: stop raggiunto:

SL hit with -21.67% and -1R

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