Market Analysis – Potential Trend Continuation for Uniswap
Based on current price action, many coins closes as a hammer candlestick on the monthly time frame. This pattern often indicates a potential market bottom and signals that buyers are beginning to regain control. If confirmed, this could suggest the beginning of a significant upward move.
However, for the uptrend to be sustainable, we should expect short-term fluctuations, with price potentially retesting previous resistance levels as new support. Such pullbacks create opportunities for new traders to enter the market and help establish a stronger bullish structure.
Trade Setup( Uni swap)
Action: Possible Buy Entry
Stop Loss: $5.04
Take Profit 1: $7.069
Take Profit 2: $8.10
Note:
Trade with caution. Always ensure proper risk management.
