🚀 UNI up 13.9% with $72.6M volume — Uniswap is having a moment
The setup is textbook momentum:
• RSI(4h): 72.7 — bullish but not yet screaming overbought
• RSI(1d): 83.1 — daily is hot, which means bigger timeframe buyers are engaged
• MACD(4h) at 0.333 with positive histogram — momentum still accelerating
• Volume ratio 1.2x — buying is above average, not just noise
• Price at $7.04, well above SMA7(1d) of $6.22 and SMA25(1d) of $4.62
📋 Trade Plan (LONG):
• Entry: $6.907 – $7.173
• Stop loss: $6.510 (below 4h SMA7 at $6.63 — if this breaks, the short-term move is over)
• TP1: $7.322
• TP2: $7.603
• TP3: $7.885
💡 The risk/reward is tight at 0.5, so position sizing matters here. This is a momentum continuation trade, not a value play. If you believe in the Uniswap narrative running further, the entry zone on a slight pullback makes sense.
Long UNI or sitting this one out? 🤔
#UNI #Uniswap #DYOR
⚠️ Not financial advice. Always do your own research and manage risk accordingly.