🔥 UMA Bullish Channel: Highest Risk Reward Trade Of The Day

UMA has been trading inside this bullish channel for over 6 months now. This trade is based on the idea that UMA will continue to trade within the channel.

Keep in mind that BTC is currently in a short-term bearish trend, so a long-entry carries more risk from the start. To counter this, this particular trade has a very high risk reward ratio of 15.5

More defensive traders could take the safer trade with a lower SL and a slightly lower entry. Still, a risk-reward ratio of 10.53 is very good.
Bitcoin (Cryptocurrency)BTCChart PatternscryptoTechnical IndicatorsParallel ChannelrewardriskriskrewardTrend AnalysisUMAusdt

🎯Official Channel: t.me/FieryTradingChannel

📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free

✅Monster Signals: t.me/monster_cryptosignals

🔥Premium Signals: fierytrading.com
Also on:

Related publications

Disclaimer