$UNI Trade Setup

Entry Price: $7.543

Reasoning: This level aligns with the 0.618 Fibonacci retracement from the recent rally and is cited as a potential retracement point in social media analysis. It offers a strong support zone for entering a long position.

Stop-Loss: $7.130

Reasoning: Placed below the recent swing low and the 0.786 Fibonacci retracement level ($7.13), this stop-loss protects against a breakdown of the bullish setup. It also aligns with support levels mentioned in market insights.

Take-Profit Levels

TP1: $9.013

Aligns with the 1.272 Fibonacci extension and a target from social media posts.

TP2: $10.340

Corresponds to the 0.618 weekly Fibonacci level, a significant resistance zone.

TP3: $12.080

A broader monthly retracement target, offering substantial upside potential.

Risk-Reward Ratio

Risk: $7.543 - $7.130 = $0.413

Reward (TP1): $9.013 - $7.543 = $1.47

Ratio: $1.47 / $0.413 ≈ 1:3.56 (highly favorable)

Position Sizing

Risk Recommendation: 1-2% of trading capital.

Example: For a $10,000 account risking 1% ($100), position size = $100 / $0.413 ≈ 242 units of UNI. Adjust based on your capital and risk tolerance.

Trade Duration

Based on the 1-day chart, this trade could unfold over several days to weeks. Monitor price action and adjust as needed.