$UNI ripped after CME said it will list Uniswap futures on October 19.
$UNI #Uniswap #UNIUSDT
The first spike from 8.70 to 9.73 got sold. Buyers took it back, then the 22:00 UTC hour blew through 9.49 and tagged 10.35 on a volume surge. Price is holding 10.20. BTC is flat near 86.2K, so this is UNI-specific, not a beta rip.
Key levels
Demand / retest zone: 9.82 - 10.13 (last impulse origin plus the 9.97 hold)
Breakout shelf: 9.39 - 9.49 (lost this and the long is done)
First liquidity above: 11.00
Measured continuation: 12.00
The plan
BUY
Entry: 9.82 - 10.13 zone on a dip. Do not chase 10.30.
TP1: 11.00
TP2: 12.00
SL: 4H close below 9.30
If we lose 9.39, the second impulse was a squeeze, not a base. Weekly UNI is already stretched from the $6 handle, so a failed retest is an exit, not a wider stop.
Let the wick come back into the zone. First tag of 11.00 is a trim.
#Crypto #CME #WriteToEarn
NFA. DYOR.
$UNI #Uniswap #UNIUSDT
The first spike from 8.70 to 9.73 got sold. Buyers took it back, then the 22:00 UTC hour blew through 9.49 and tagged 10.35 on a volume surge. Price is holding 10.20. BTC is flat near 86.2K, so this is UNI-specific, not a beta rip.
Key levels
Demand / retest zone: 9.82 - 10.13 (last impulse origin plus the 9.97 hold)
Breakout shelf: 9.39 - 9.49 (lost this and the long is done)
First liquidity above: 11.00
Measured continuation: 12.00
The plan
BUY
Entry: 9.82 - 10.13 zone on a dip. Do not chase 10.30.
TP1: 11.00
TP2: 12.00
SL: 4H close below 9.30
If we lose 9.39, the second impulse was a squeeze, not a base. Weekly UNI is already stretched from the $6 handle, so a failed retest is an exit, not a wider stop.
Let the wick come back into the zone. First tag of 11.00 is a trim.
#Crypto #CME #WriteToEarn
NFA. DYOR.