$UMA/BTC 2h (Binance Spot) Falling wedge near breakout Long

UMA / BitcoinBinance

Description

⋅ Jul 11, 2021 2:02 PM

Universal Market Access seems to be ready to break bullish locally here.

Current Price= 0.0002712
Buy Entry= 0.0002701 - 0.0002631
Take Profit= 0.0002862 | 0.0002998 | 0.0003240
Stop Loss= 0.0002495

Risk/Reward= 1:1.15 | 1:1.94 | 1:3.36
Expected Profit= +7.35% | +12.45% | +21.53%
Possible Loss= -6.41%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days

Trade active

⋅ Jul 12, 2021 6:35 PM

First entry filled

Universal Market Access went for TP1 with +6.18% but entry was missed by 0.0000002 😅
Now it just pulled back and we are officially in, let's hope for another bounce then!

Trade active

⋅ Jul 16, 2021 1:16 PM

Second entry filled

Universal Market Access broke-down the channel but bounced back on wedge retest.
Now 50MA is regained and descending TL is breaking, let's see if 200MA resistance can flip soon!

Trade closed: target reached

⋅ Jul 19, 2021 4:59 PM

TP1 has been reached with +7.35% (1x) and +1.15R

Universal Market Access pumped almost hitting 2nd target then pulled back to entry.
PC bot already closed the position at BE but we bought again manually since it is trying to push up another time!