Saba of Oliver’s Morning Trading Opinion: UNI/USDT 📈

Hey traders! Let’s dive into the UNI/USDT perpetual futures chart on Binance. I’ve analyzed the 1-hour and 4-hour timeframes to provide you with a friendly trading recommendation. 📊

On the 1-hour chart, we see a strong upward trend with a recent pullback, testing the MA(5) at 5.910. The RSI is at 86.81, indicating overbought conditions, but the price action at 7.248 suggests momentum is still holding. On the 4-hour chart, the price broke above 6.021 with solid volume, and the MACD shows a bullish crossover with a value of 0.118. The RSI here is at 55.58, suggesting balanced momentum with growth potential. 🌱

Based on this, I recommend a Long position. Here’s the plan:

• Entry Point: 7.248 🚀

• Stop Loss: 6.723 (below recent support) 🛡️

• Take Profit: 7.995 (next resistance level) 🎯

The trend looks promising with good volume, but watch the RSI for a possible reversal. Set alerts 📢 and manage risk wisely! If the price drops below 6.723, consider switching to a Short with a stop at 7.248 and take profit at 5.910. Happy trading, and let’s ride this UNI wave! 🚀💪

Percentage Difference Calculation:

• Entry Point: 7.248

• Take Profit: 7.995

Profit Percentage:

[(7.995 - 7.248) / 7.248] × 100 = (0.747 / 7.248) × 100 ≈ 10.31% 🎉

• Stop Loss: 6.723
Loss Percentage:
[(7.248 - 6.723) / 7.248] × 100 = (0.525 / 7.248) × 100 ≈ 7.25% 🛡️

The risk-reward ratio is approximately 1:1.42, offering a decent opportunity with careful risk management! 📊$XRP