UNI POTENTIAL SELL SET UPAfter Uni took liquidity on our demand orderblock at $5.5-5.7 and long position is up 13% on 1x, will be looking at the reaction at $6.85 for a possible sell, will ladder orders between 6.85-$7 and cut profits down to $6, if it doesnt play out, will cut at $7.2, all risk involved is less than 5% and traders advised to manage risk and not use more than 5-7x as leverage, also not more than portfolio risk size, also reminder that our previous long is up 13% already. so RR is good.......
UNIUSDT trade ideas
UNIUSDT 4H Time Frame.As can be seen, in the 4-hour time frame, the price is completing the correction. According to Elliott's theory, we are now in wave 3 of this correction, and if all five waves of this correction are completed, a buying position can be taken in the price range of $5.5 to $5.56. .
Thank you very much for your attention.
UNİ⚡⚡ #UNİ/USDT ⚡⚡
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Cross (20X)
Entry Zone:
1) 6.07
2) 5.96
3)
Take-Profit Targets:
1) 6.28
2) 6.43
3) 6.54
4) 6.66
Stop Targets:
1) 5.79
Trailing Configuration:
Entry: Percentage (0.5%)
Take-Profit: Percentage (0.5%)
Stop: Moving Target -
Trigger: Target (1)
UNIUSDTHello Dear friends
In the four-hour period, the negative divergence of the RSI has been issued to us, but we do not have another signal to form a corrective trend!
And as long as the upward trend line is maintained and the movement trend is not placed below the price range of $6.39, the probability of breaking the resistance range of $7.25 is high.
We would be happy to hear your comments
UNI/USDT A detailed Elliot Wave count.Wave 1: looks like a leading diagonal.
Wave 3 > Wave 5
So count is still valid.
Wave 2: A simple ABC correction.
Wave 3: An impulse wave up with an extended 3rd wave and a 5th truncated.
Wave 4: Looked to me like an ascending triangle ABCDE correction.
but I'm not entirely sure.
Wave 5: Forming at the moment.
in the internal count wave 3 looks small and short to me, which may be an ending diagonal with a 5th wave < wave 3
I would love to see a rising wedge pattern for a short opportunity on this one.
If something is incorrect or you have any comment on my analysis I would love to get some feedback.
Bullish on $UNIBullish Wolfe Waves on lower time frames of Uniswap's charts. Worth punting a long imo.
Entry might not be the best.
Targets marked in green lines all the way up to HTF supply (smallest portion of the position should be left after first two targets are booked and secured).
Stop loss below the sweep of the lows.
Use adequate position sizing and risk management.
📚Learn More💰Earn More - Inverse Head and Shoulders in UNIUSD📚 LEARN MORE
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Inverse Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
This illustrates that the downward trend is coming to an end.
When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal.
The pattern is confirmed once the price breaches the neckline resistance.
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order above the neckline.
TARGET :
We can also calculate a target by measuring the lowest point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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Trading opportunity for UNIUSDT UniswapBased on technical factors there is a Long position in :
📊 UNIUSDT Uniswap
🔵 Long Now 6.74
🧯 Stop loss 6.12
🏹 Target 1 7.30
🏹 Target 2 8.00
🏹 Target 3 9.44
💸RISK : 1%
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