$UNI /USDT – DeFi Pullback or Setup for a Bounce? 🔄🚀
Momentum Analysis:
$UNI has cooled off to $8.10 (-2.20%), after tapping a 24h high of $8.478. Currently hovering above support at $7.95, this DeFi giant could be prepping for a rebound, especially with 11.62M UNI and nearly $95.84M USDT volume in play.
📈 Long Setup (Bounce Play):
Entry Zone: $8.00 – $8.12
Targets:
T1: $8.28
T2: $8.48
T3: $8.72
Stop Loss: $7.89
🔓 Breakout Confirmation Level: $8.50
🛡️ Key Support: $7.95
Pro Tip for Traders:
Watch for bullish divergence on lower timeframes near $8.00. If Bitcoin holds steady, UNI could reclaim the $8.50+ zone fast. Consider laddering entries and trailing stops.