UNIUSDT forming bullish Butterfly | Upto 55.5% move expected
On daily time period chart, the price action of Uniswap (UNI) is completing final leg of bullish Butterfly and soon it will be reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Butterfly pattern should be as below:
Potential reversal or buying zone: $2.81 to $2.43
Sell or Fibonacci projection zone: $3.10 to $3.79
Stop Loss:
The potential reversal zone area that is up to $2.43 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 55.5% and as per the above-mentioned stop loss, the loss possibility is 13.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Butterfly pattern should be as below:
Potential reversal or buying zone: $2.81 to $2.43
Sell or Fibonacci projection zone: $3.10 to $3.79
Stop Loss:
The potential reversal zone area that is up to $2.43 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 55.5% and as per the above-mentioned stop loss, the loss possibility is 13.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
