🚀$UNI /USDT Analysis – Ready for Breakout or Trap Near Resistance🤔🔐👇🔥
Current Price: $10.289
Timeframes: 1H & 4H
Trade Bias: 🔼 Bullish Bias (Short-Term)
⚠️ Resistance Ahead
🔍 1H Chart Insights:
Price is now trading above the 50 EMA ($10.145) and 200 EMA ($10.019), confirming short-term bullish structure 📊
RSI is currently at 59.80, showing healthy upward momentum but not overbought yet
Recent bullish engulfing candle closed strong above moving average resistance, signaling potential continuation
🔎 4H Chart Insights:
$UNI Price reclaiming support zone around $9.85 with higher lows structure
Critical resistance zone between $10.95 – $11.10 acting as a strong supply zone (previous rejection seen here)
RSI at 64.29, approaching overbought territory – signals strength but watch for slowdown or fakeout
🔧 Trade Setup:
Entry Zone: $10.15 – $10.28 (on retest of 1H support)
Targets:
🎯 TP1 – $10.70
🎯 TP2 – $11.05
🛑 SL – Below $10.00 (200 EMA support)
🧠 Pro Take:
$UNI is building bullish pressure, reclaiming EMAs with momentum on both intraday and mid-term charts. However, the overhead resistance between $10.95–$11.10 is key — expect volatility. A strong volume breakout above this zone can ignite a rally; else a fakeout is possible. 🔁
🤽 you plan a bearish plan too in case the price gets rejected from the $11 zone?
💬 "Smart money doesn’t chase every candle – it waits for the perfect trap or breakout."
📛 This is a technical analysis-based idea, not financial advice. Always use proper risk management.