UNI up nearly 10% and the chart structure is cleaner than most DeFi tokens right now. 🦄
$6.52 with $50.8M volume. Strong uptrend confirmed across timeframes — daily SMA7 ($6.65) acting as resistance-turned-support, SMA25 ($5.26) well below. Long/Short ratio at 1.64 tells you the smart money is positioned long.
4H RSI at 53.6 is neutral territory, which is actually bullish context — the move hasn't exhausted yet. Daily MACD expanding at +0.66 with positive histogram (+0.13) confirms momentum.
📋 Trade Plan (LONG):
• Entry: $6.39 – $6.65
• Stop Loss: $6.01 (below SMA25 and psychological $6 level)
• TP1: $6.78 | TP2: $7.04
• Risk/Reward: 0.5x
Why $6.01 as stop? It's below both the 4H SMA7 ($6.08) and the round number $6.00. If that level breaks, the short-term bullish structure is damaged.
⚠️ Disclaimer: Not financial advice. DYOR. Crypto is volatile.
UNI or another DeFi token for the next leg up? What's your pick? 🗳️
#UNI #DeFi #DYOR