$UNI /USDT Trade Setup Update (1H & 1D Chart Analysis)๐๐
Current Price: $6.48๐ฆ
Trade Duration: Short-term swing (12-48H outlook)โ
Chart Insights:๐๐ฐ
$UNI bounced aggressively from the demand block around $6.00, forming a clean break of structure (BOS) followed by bullish momentum continuation. Price has now hit the supply zone near $6.52โ$6.66, where a slight rejection candle has formed, indicating a possible short-term pullback or consolidation.
Indicators Insight:๐
Stochastic RSI is in deep oversold territory on both 1H and 1D, suggesting temporary exhaustion in the current uptrend.
EMAs are aligned bullishly (green > blue > yellow > red), showing medium-term trend shift to the upside.
Daily chart shows CHoCH to bullish structure post-May 20th, with potential for continuation if $6.00 holds.
Strategy Plan (Short-Term Bulls):๐จโ๐ซ
Entry Zone: $6.30โ$6.40 (pullback entry)โ
Target 1: $6.80๐ฏ
Target 2: $7.10๐ฏ
Stop-loss: Below $6.10โฃ๏ธ
Risk-Reward: 1:2+
Why Bullish?๐ค๐ฅ
Strong volume breakout, aligned EMAs, and clear bullish BOS on multiple timeframes. If $UNI sustains above $6.30, momentum may push toward retesting higher time frame resistance around $7.00+.
๐What's your take on UNI's potential breakout? Do you expect a retest of $7.00 this week, or a pullback first? Share your thoughts belowโlet's decode the chart together!
โTraders who read the trend, ride the wave.โ
Disclaimer:โ ๏ธ
Not financial advice. DYOR before investing.
