$UNI /USDT (Uniswap) is showing strong bullish momentum on the 4-hour timeframe. It recently broke through the $5.83 resistance level, hitting a 24-hour high of $6.38, and is currently trading around $6.30.
Because of the continuous strong green candles, the market might be slightly overbought. Instead of buying directly at the top, waiting for a pullback or retest is a safer approach.
Bullish Scenario: If the price holds the support around $6.15 - $6.20, the next leg up could push the price towards $6.54 and $6.85.
Pullback Scenario: A minor profit-booking or retest could dip the price back to the $5.80 - $5.90 key support zone, which would offer a better entry point.
Entry Price: $6.10 - $6.25 (or on a retest around $5.85 - $5.95)
Target 1 (TP1): $6.38
Target 2 (TP2): $6.54
Target 3 (TP3): $6.85
Stop Loss (SL): $5.70 (if the 4h candle closes below $5.70, the trade setup is invalidated)
#BitcoinETFBuyersReturn #USStrikesTwoIranianTankers #FedHikeOddsRiseTo68%
#UnicornChannel
$UNI
Because of the continuous strong green candles, the market might be slightly overbought. Instead of buying directly at the top, waiting for a pullback or retest is a safer approach.
Bullish Scenario: If the price holds the support around $6.15 - $6.20, the next leg up could push the price towards $6.54 and $6.85.
Pullback Scenario: A minor profit-booking or retest could dip the price back to the $5.80 - $5.90 key support zone, which would offer a better entry point.
Entry Price: $6.10 - $6.25 (or on a retest around $5.85 - $5.95)
Target 1 (TP1): $6.38
Target 2 (TP2): $6.54
Target 3 (TP3): $6.85
Stop Loss (SL): $5.70 (if the 4h candle closes below $5.70, the trade setup is invalidated)
#BitcoinETFBuyersReturn #USStrikesTwoIranianTankers #FedHikeOddsRiseTo68%
#UnicornChannel
$UNI
