#UNFI/USDT 3D (ByBit) Big falling wedge breakout

Unifi Protocol is facing strong supply zone after an insane growth, RSI looks overbought, a retracement down to 100EMA seems likely.

⚡️⚡️ #UNFI/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.0%

Current Price:
9.2675

Entry Zone:
9.3975 - 10.1755

Take-Profit Targets:
1) 8.212
1) 7.026
1) 5.8405

Stop Targets:
1) 11.104

Published By: @TradingOn

UNFI UNFIUSDT.P #UnifiProtocol #DAO #DeFi #BSC unifiprotocol.com

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.3% | +84.6% | +121.0%
Possible Loss= -40.4%
Estimated Gaintime= 1.5-4.5 months

Trade active:

ByBit USDT, Binance Futures
#UNFI/USDT Entered entry zone ✅
Period: 28 Minutes ⏰

Trade closed: stop reached:

Binance Futures, ByBit USDT
#UNFI/USDT Stoploss ⛔
Loss: 40.3873% 📉

⚡️⚡️ #UNFI/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.0%

Entry Zone:
9.3975 - 10.1755 ✅

Stop Targets:
1) 11.1040 ✅

Published By: @Zblaba

🛑#UNFIUSDT 3D (#ByBit) SL was hit with -1.0R

UNFI stop hunted us before being rejected strongly, bias was on point but set-up slightly too tight.

Comment:

UNFIUSDT.P 12h

TP1 would have been reached by now, congrats if you held your short!

Comment:

UNFIUSDT.P 4h

Zooming in, we can see price just bounced back on 100EMA (orange) support and is now facing 50MA (gray) resistance.
Seems likely to get rejected here and head back down to 200EMA (blue) lower support, where TP2 stands.

Comment:

UNFIUSDT.P 12h: TP2 would have been reached

UNFI got rejected on supply zone again and went for 100EMA retest, as previously forecast.