💥$UNI /USDT Testing Resistance After a +1.10% Rally!🔥
🌟Current Price: 5.815 USDT (+1.10%)
🌟24-Hour High: 6.032 USDT (Key resistance zone)
🌟24-Hour Low: 5.752 USDT (Strong support zone)
Volume (24H):
🌟UNI: 5.11M
🌟USDT: 30.18M
UNI is approaching a critical resistance level at 6.032 USDT, within a steady upward yellow channel suggesting bullish momentum.
⚡Technical Insights 🧩
Bollinger Bands: Slight widening, signaling a potential for increased volatility.
RSI: Approaching overbought levels—new longs should proceed cautiously.
MACD: Bullish crossover supports positive sentiment; watch closely for divergence.
Trendlines: Firm upward bias within a rising channel—momentum favors bulls on breakout confirmation.
⚡Trading Setup 📝
🎖️Bullish Scenario (Breakout Continuation)
👉Entry: Above 5.830 USDT (confirmed by strong buying pressure)
👇Take-Profit Targets:
🎯TP1: 5.900 USDT
🎯TP2: 6.000 USDT
💢Stop Loss: Below 5.780 USDT
🎖️Bearish Scenario (Pullback Rejection)
👉Entry: Below 5.780 USDT (clear rejection from resistance)
👇Take-Profit Targets:
🎯TP1: 5.750 USDT
🎯TP2: 5.700 USDT
💢Stop Loss: Above 5.810 USDT
⚡Risk Management Strategy ⚠️
After achieving TP1, move Stop Loss to Entry and secure 50% profits to minimize risk exposure.
Protect gains aggressively amidst rising volatility.
⚡Key Takeaways ✍️
Volume confirmation is crucial—only validate breakouts or pullbacks with strong volume surges.
A clean break above 6.032 USDT could open doors to higher levels, while rejection might lead to a healthy retracement.
Stick strictly to risk management to capitalize safely on the volatility.
Disclaimer: #DYOR*
Buy Or Trade With Me On $UNI