๐ $UNI Technical Analysis & Setup
$UNI recently swept sell-side liquidity below 7.397 and reclaimed it instantly. With 1H market structure remaining bullish despite a cautious broader BTC backdrop, this liquidity sweep provides solid fuel for upward continuation.
โข Key Support / Demand: 7.397, 7.420 (Reclaim & Entry Zone)
โข Resistance / Supply Targets: 7.632, 7.707, and 7.809
โข Trigger / Confirmation: Clean 1H close back above 7.397 backed by a 15m/1H bullish engulfing or pin candle. Wait for candle close confirmation rather than chasing the wick.
โข Risk / Invalidation: A full 1H candle close below 7.274 invalidates the bullish thesis and flips bias to bearish.
โข Market Execution: Standard order book depth execution across major liquidity pools. Open Interest currently sits at $181.0M (+7.7% in 24h) with neutral funding at +0.0048%.
DYOR โ Educational setup, not financial advice.
#BinanceSquare #Trading #UNI #Crypto
$UNI recently swept sell-side liquidity below 7.397 and reclaimed it instantly. With 1H market structure remaining bullish despite a cautious broader BTC backdrop, this liquidity sweep provides solid fuel for upward continuation.
โข Key Support / Demand: 7.397, 7.420 (Reclaim & Entry Zone)
โข Resistance / Supply Targets: 7.632, 7.707, and 7.809
โข Trigger / Confirmation: Clean 1H close back above 7.397 backed by a 15m/1H bullish engulfing or pin candle. Wait for candle close confirmation rather than chasing the wick.
โข Risk / Invalidation: A full 1H candle close below 7.274 invalidates the bullish thesis and flips bias to bearish.
โข Market Execution: Standard order book depth execution across major liquidity pools. Open Interest currently sits at $181.0M (+7.7% in 24h) with neutral funding at +0.0048%.
DYOR โ Educational setup, not financial advice.
#BinanceSquare #Trading #UNI #Crypto