$UNFI/USDT 4h (Binance Futures) Ascending channel on midline
Updated
Unifi Protocol DAO looks good for more uptrend, expecting it manages to stay above 50MA.
Current Price= 6.775
Buy Entry= 6.728 - 6.470
Take Profit= 7.589 | 8.255 | 9.307
Stop Loss= 5.771
Risk/Reward= 1:1.2 | 1:2 | 1:3.27
Expected Profit= +15.00% | +25.09% | +41.04%
Possible Loss= -12.55%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 6.775
Buy Entry= 6.728 - 6.470
Take Profit= 7.589 | 8.255 | 9.307
Stop Loss= 5.771
Risk/Reward= 1:1.2 | 1:2 | 1:3.27
Expected Profit= +15.00% | +25.09% | +41.04%
Possible Loss= -12.55%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active
All entries filledUnifi Protocol got rejected on 200MA and is now retesting 50MA, would be a good time for a bounce...
Trade closed: target reached
TP1 reached with +15.00% (1x) and +1.2RUnifi Protocol bounced on 50MA and confirmed the bullish break-out nicely!
Then it got rejected on upper-line channel and went for a retest of 200MA which is regained now.
Trade closed: target reached
TP2 reached with +25.09% (1x) and +2RAnd that's a parallel channel break-out, well done Unifi Protocol 👏🏼
SL was moved to first entry now (6.728$) so we've got a winner here!
Trade closed: target reached
TP3 was reached with +41.04% (1x) and +3.27RUnifi Protocol made it to last target then retraced down, good thing we fully Took Profit on local top!
Right now it is about to retest 200MA support, could be a buy back opportunity soon. 👀
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