$UNI BULLS PUSHING, BUT CONSOLIDATION THICKENS BELOW $7
$UNI is trading at $6.863, up +2.83% on the day. After a solid upward move, price is now consolidating just below the $6.90–$7.00 resistance. The structure suggests bullish momentum is cooling, but still intact as long as key support holds.
Key Technical Levels:
• Immediate Resistance: $6.90 – $7.05
This zone capped multiple attempts—breakout above $7.05 may trigger a fresh bullish wave.
• Support Zone: $6.82 – $6.78
Holding above this area is essential to maintain the current bullish structure. If broken, expect short-term profit-taking.
Trade Setup:
Bullish Scenario:
• Entry: Above $6.90 with confirmation
• TP1: $7.05
• TP2: $7.20
Bearish Scenario:
• Entry: Below $6.78
• TP1: $6.60
• TP2: $6.45
Stop-Loss Suggestions:
• Longs: Below $6.78
• Shorts: Above $6.91
$UNI is in a tight consolidation right under resistance. Bulls are still in control—but they must break $7.05 soon. Failure to do so could invite short-term selling. Watch closely for a breakout or breakdown with volume confirmation.