🧪 We're Trading $UNFI

Good Morning!

Today, we’re talking big moves: Netflix’s surge, gold’s record-breaking run, and Bitcoin eyeing a bullish week. But we don’t stop at headlines—our $UNFI Long Play is the real gem here, loaded with precise entries and no-nonsense stop-losses. We’re riding technicals and market momentum like pros, keeping a tight grip on the trade while eyeing major upside targets.

Let’s get into it 👇

🌡 TradingLab’s Headline Roundup

Stock Markets

• Netflix earnings, China's Q3 growth, gold's new record - what's moving markets

• Netflix Stock Jumps 5% as Streamer Picks Up 5M New Users, Posts Record Profit

• China shares rise as GDP meets expectations

• Q3 earnings: Morgan Stanley sees upside for these 10 stocks, including Microsoft

• 3 ETFs to Buy for a Lifetime of Passive Income

Crypto

• Bitcoin price steady at $67k, set for strong week with focus on US election

Commodities/Forex

• Gold Blasts Above $2,700 to Set New Record High. What’s Behind the Surge?

• Euro Extends Sharp Drop to Three-Month Low as ECB Lowers Interest Rates

📈 What I’m Trading

The Play

Sherlock’s $UNFI Long setup is in full effect, and here’s how we’re playing it. After a solid S/R flip and a textbook retest, this trade is all about patience and precision. But let's dive into the details:

• Entry 1: $2.8080 (40% of position)

• DCA Level: $2.7015 (Add 60% of your position here)

• Stoploss: $2.6475 (Hard stop, no exceptions)

• Target 1: $2.9245

• Target 2: $3.0235

• Target 3: $3.2425

• Target 4: $3.5130

Price has done a clean retracement, so we’re monitoring the full-body candles closely here. A quarterly VWAP + 1D 12 EMA bounce is likely to come into play, making this a solid technical long, but a careful one.

The Catalyst

In terms of market context, $UNFI has been riding a wave of momentum, particularly with the broader crypto market showing resilience this quarter. As regulatory pressures ease in key markets and on-chain activity heats up, $UNFI is benefiting from renewed interest in decentralized finance (DeFi) protocols. Moreover, institutional players are keeping an eye on projects like UNFI, which are poised to capitalize on increased market demand for decentralized financial services.

The recent technical bounce from the EMA and the price’s positioning on the quarterly VWAP suggest that this isn’t just another blip—this is a calculated move that aligns with overall market trends.

If these catalysts continue to play out, we could see a very healthy push towards our targets.

Our Take

This $UNFI long is a buy in our book, but it comes with a clear warning: Stick to the levels. A full-body candle retracement like this is both an opportunity and a risk. You need to stay sharp, especially when playing the retest. We're looking at an imminent bounce off the 1D 12 EMA, but with a careful eye on the quarterly VWAP as well.

In summary: This trade offers a solid risk-to-reward profile with a clear entry strategy and well-defined targets. The S/R flip and retest give it structure, and if momentum holds, we’re in for a smooth ride to the upper targets.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab