The correction is officially over! After a sharp decline, UNI has beautifully carved out a classic "W" bottom reversal pattern, signaling that the sellers are exhausted and a new, powerful uptrend has begun.
Don't let the previous downtrend fool you; the momentum has shifted, and the bulls are now in full control.
$UNI 📊 The Bullish Case (Why The UNI Rally Is Real)
🔹 Classic "W" Bottom: The chart shows a textbook double bottom formed around the $8.20 level. This is one of the most reliable and powerful bullish reversal patterns in trading.
🔹 Downtrend Annihilated: The downtrend from the $9.10 peak has been decisively broken. The bears have lost control, and the path of least resistance is now clearly to the upside.
🔹 New Uptrend Established: We now see a clear, sustained pattern of higher highs and higher lows, confirming that a new, healthy uptrend is underway.
🔹 Excellent Risk/Reward: Buying into this confirmed new trend offers a fantastic risk-to-reward ratio. The potential upside to re-test previous highs is significant compared to a tight stop loss.
$UNI 📈 The Trade Recommendation:
This is a classic "buy the dip" opportunity after a confirmed reversal pattern.
✅ BUY: In the current zone of $8.65 – $8.70
🎯 TP1: $8.80 (The first area of local resistance)
🎯 TP2: $9.00 (The next major psychological level)
🛑 SL: $8.50 (A secure stop below the recent swing low)
$UNI 🔥 The Bottom Line: The selling is over, the "W" bottom reversal is clear as day, and the new uptrend is just getting started. This is your chance to get in at the ground floor of the next major UNI rally.
👇 Do you think UNI will break $9.00 this week? Let me know your thoughts! 👇
❤️ Like if you're bullish on this "W" bottom, and follow for more powerful setups.
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