🚨🚨UNI/USDT Trading Signal & Technical Analysis🚨🚨
Bullish or Bearish❗
Current Price: $6.045
24H High: $6.172
24H Low: $5.863
Timeframes Analyzed: 15m & 1h
Technical Analysis
1. Bollinger Bands:
UNI/USDT touched the lower Bollinger Band (~5.863) and is rebounding.
Possible short-term recovery after an oversold condition.
2. Moving Averages (MA):
15m Chart: Short-term recovery with MA(5) at 22,660.44 and MA(10) at 15,277.26.
1h Chart: MA(5) at 51,874.89 and MA(10) at 57,495.20 indicate bearish pressure but potential reversal.
3. Relative Strength Index (RSI):
15m Chart: RSI (6) = 58.81 (Neutral to Bullish)
1h Chart: RSI (6) = 63.76 (Approaching overbought)
4. Support & Resistance:
Support: ~5.863 (Recent Low)
Resistance: ~6.119 (Upper Bollinger Band in 1h)
Fibonacci Retracement Levels (5.863 Low & 6.172 High)
Trading Signals
Buy Entry (Short-Term Trade):
Entry Zone: 6.018 – 5.987 (50%–61.8% Fibonacci Retracement)
Stop Loss: Below 5.938 (78.6% level)
Take Profit: 6.095 (23.6% level) or 6.172 (Previous High)
Sell Entry (Short-Term Pullback Trade):
Entry Zone: 6.119 – 6.172 (Near previous resistance and Upper Bollinger Band)
Stop Loss: Above 6.22 (Breakout confirmation)
Take Profit: 6.049 (38.2% retracement) or 5.987 (61.8% retracement)
⚠️ Risk Management: Always use stop-loss and adjust risk-reward ratio based on market conditions.
🚀 Trade Wisely & Stay Updated!
