$UNI/USDT 12h (Binance Futures) Ascending wedge on support

Uniswap is up-trending and looks ready to push higher in the coming weeks.
Let's see if it can hold wedge support and break out of the descending channel!

Current Price= 30.8817
Buy Entry= 30.5026 - 29.5126
Take Profit= 33.8286 | 39.1273 | 46.0397
Stop Loss= 27.4518

Risk/Reward= 1:1.5 | 1:3.57 | 1:6.27
Expected Profit= +25.46% | +60.78% | +106.86%
Possible Loss= -17.04%

Fib. Retracement= 1| 1.764 | 2.618
Margin Leverage= 2x
Estimated Gain-time= 1 month

Trade ist aktiv:

All entries filled

After pumping up to wedge resistance, Uniswap finally pulled back to the buy zone.
It has now fully retested 50MA and the bullish flag, ready for next impulse let's hope!

Trade geschlossen: Stop wurde erreicht:

SL hit with -17.04% and -1R

Uniswap lost 50MA support then wicked down to 100EMA and lower-line channel.
I was not expected that, but those big sell-offs inevitably happen from time to time!