$UNI/USDT 4h (Binance Futures)Descending triangle break & retest

Oct 19, 2021

Uniswap is up-trending and looking good for another bounce on 50MA support, let's catch next dip!
More information on that DEx (Decentralized Exchange) and DeFi / BSC token on uniswap.org/

Current Price= 25.782
Buy Entry = 25.757 - 24.971
Take Profit= 27.834 | 29.419 | 23.381
Stop Loss= 23.381

Risk/Reward= 1:1.25 | 1:2.04 | 1:3.07
Expected Profit= +29.22% | +47.97% | +72.03%
Possible Loss= -22.26%

Fib. Retracement= 0.786 | 0.883 | 1
Margin Leverage= 3x
Estimated Gain-time= 3 weeks

Oct 19, 2021

Note

EDIT: TP3= 31.455 like in the chart

Oct 20, 2021

Trade active

First entry filled

Uniswap is holding the support nicely, we still expect a big move soon, let's wait for it!

Oct 21, 2021

Trade closed: target reached

TP1 missed by 0.028$ with up to +28.89% (3x)

Uniswap pumped as forecast, unfortunately it reversed right before hitting target, probably for next attempt then.

Oct 26, 2021

Trade closed: target reached

TP1 reached with +29.22% (3x) and +1.25R

Uniswap properly hit the first target this time and looks good for more.
SL adjusted to lowest entry (24.971$) and patiently waiting for higher highs!

Oct 27, 2021

Trade closed manually

Remaining position hit adjusted SL with -4.65% (3x) and -0.20R

Uniswap went the south way, good thing we protected the trade!
Average profit +12.29% (3x) and +0.53R if you TP half at 1st target.