$UNI
(Long/Buy Scenario)
The setup suggests a potential continuation of the breakout. The green box represents the target area, while the red box represents a potential invalidation zone if the price drops.
· Entry Zone: The current price around 8.935 is a valid entry after the breakout. A safer entry could be a retest of the broken trendline around 8.850 - 8.880.
· Stop Loss (SL): Place a stop loss below the recent consolidation and the EMA(99) support. A reasonable level would be 8.750 (or just below the 8.8139 support level shown on the right axis).
· Take Profit (TP) Targets:
· TP 1: 9.0553 (1.0 Fib level)
· TP 2: 9.1861 (0.786 Fib level)
· TP 3: 9.2887 (0.618 Fib level and near the recent high of 9.2970)
(Long/Buy Scenario)
The setup suggests a potential continuation of the breakout. The green box represents the target area, while the red box represents a potential invalidation zone if the price drops.
· Entry Zone: The current price around 8.935 is a valid entry after the breakout. A safer entry could be a retest of the broken trendline around 8.850 - 8.880.
· Stop Loss (SL): Place a stop loss below the recent consolidation and the EMA(99) support. A reasonable level would be 8.750 (or just below the 8.8139 support level shown on the right axis).
· Take Profit (TP) Targets:
· TP 1: 9.0553 (1.0 Fib level)
· TP 2: 9.1861 (0.786 Fib level)
· TP 3: 9.2887 (0.618 Fib level and near the recent high of 9.2970)
