📊 $UNI (UNIUSDT) — 🔴 SHORT
💰 Current price: 6.0920 USDT (24h: -1.25% | 24h Vol: 48.13M USDT)
🎯 Entry (Entry zone): 6.0920 - 6.1164
✅ TP1 (Take profit 1): 5.8179
✅ TP2 (Take profit 2): 5.5985
🛑 SL (Stop loss): 6.2260
📝 Technical analysis: On the 4H timeframe, $UNI is trading just below EMA7 at 6.0989, indicating that buyers have not yet reclaimed the short-term equilibrium zone following the 24-hour decline. The price is caught between the low of 5.9280 and the high of 6.2720, while nearby resistance at 6.7270 remains quite far away. Therefore, the preferred scenario is to sell on a rebound into the Entry zone and expect a retest of support. The 4H RSI(14) is currently at 19, deep in oversold territory, so the risk of a technical bounce is real. For this reason, the SL at 6.2260 should be respected, and you should not increase your position if the 4H candle closes above this level. The 24-hour trading volume of around 48.13M USDT provides sufficient liquidity to monitor the price reaction around 5.9280 before targeting TP1 and TP2.
🏷️ Binance Square symbol: $BTC $ETH
⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Do your own research (DYOR) and manage your capital carefully before trading.
💰 Current price: 6.0920 USDT (24h: -1.25% | 24h Vol: 48.13M USDT)
🎯 Entry (Entry zone): 6.0920 - 6.1164
✅ TP1 (Take profit 1): 5.8179
✅ TP2 (Take profit 2): 5.5985
🛑 SL (Stop loss): 6.2260
📝 Technical analysis: On the 4H timeframe, $UNI is trading just below EMA7 at 6.0989, indicating that buyers have not yet reclaimed the short-term equilibrium zone following the 24-hour decline. The price is caught between the low of 5.9280 and the high of 6.2720, while nearby resistance at 6.7270 remains quite far away. Therefore, the preferred scenario is to sell on a rebound into the Entry zone and expect a retest of support. The 4H RSI(14) is currently at 19, deep in oversold territory, so the risk of a technical bounce is real. For this reason, the SL at 6.2260 should be respected, and you should not increase your position if the 4H candle closes above this level. The 24-hour trading volume of around 48.13M USDT provides sufficient liquidity to monitor the price reaction around 5.9280 before targeting TP1 and TP2.
🏷️ Binance Square symbol: $BTC $ETH
⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Do your own research (DYOR) and manage your capital carefully before trading.