$UNI
Testing now the level 10.20 after it spent more than two days building a base between 9.40 and 9.90.
The important point is that the latest rise didn’t come out of nowhere; the range has already broken out of its own consolidation, and price reached 10.20 before currently pulling back to around 9.97.
This turns 10.20 from just a nearby peak into the real decision point.
A 4H close above 10.20, followed by holding the 9.90–10.20 zone as support, is the activation that matters. Then the nearest clear extension is around 10.94, and then the higher zone if momentum continues.
As for losing 9.63, that would suggest the breakout failed and that price has returned inside its previous range.
$UNI
Testing now the level 10.20 after it spent more than two days building a base between 9.40 and 9.90.
The important point is that the latest rise didn’t come out of nowhere; the range has already broken out of its own consolidation, and price reached 10.20 before currently pulling back to around 9.97.
This turns 10.20 from just a nearby peak into the real decision point.
A 4H close above 10.20, followed by holding the 9.90–10.20 zone as support, is the activation that matters. Then the nearest clear extension is around 10.94, and then the higher zone if momentum continues.
As for losing 9.63, that would suggest the breakout failed and that price has returned inside its previous range.
$UNI