Trade Duration $UNI
Based on the 1-day chart, this trade could unfold over several days to weeks. Monitor price action and adjust as needed.
Exit Strategy
Trailing Stop: After reaching TP1 ($9.013), apply a trailing stop (e.g., 5-10% below the market price) to lock in profits while capturing further upside.
Key Levels to Watch:
Upside: Breakouts above $9.013 and $10.340 signal continued bullish momentum.
Downside: A break below $7.130 invalidates the setup, triggering an exit.
Chart Visualization
Below is a chart marking key support/resistance levels, trendlines, and Fibonacci retracements to visualize the analysis:
Grok can make mistakes. Always check original sources.
Chart Explanation:
The green line shows the UNI/USDT price trend.
The blue dashed line marks the entry at $7.543.
The red dashed line marks TP1 at $9.013.
The purple dashed line marks the stop-loss at $7.130.
Conclusion
The UNI/USDT pair on the 1-day chart exhibits a bullish trend, supported by a breakout from an inverse head-and-shoulders pattern, positive technical indicators, whale activity, and favorable news. A long position at $7.543 is recommended, anticipating a short-term pullback to this support level before further upside. The trade offers a 1:3.56 risk-reward ratio for TP1, with additional targets at $10.340 and $12.080. Risk 1-2% of your capital, use a trailing stop after TP1, and monitor key levels ($7.130 for downside, $9.013+ for upside) to manage the trade effectively.