UNIUSDT: A Massive Bullish Move Loading… or a Trap?
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Yello, Paradisers! Is UNIUSDT finally gearing up for a major breakout, or is this just another fake move before a deeper correction? Let’s break it down.
💎UNIUSDT is currently trading within a descending channel, increasing the probability of an upcoming bullish move. The key support zone is holding strong, and we might be witnessing the early signs of a double-bottom formation—a classic reversal pattern.
💎However, confirmation is everything in trading. To increase the probability in our favor, we need to see: Bullish divergence, Bullish I-CHoCH (Internal Change of Character), Bullish reversal patterns such as a W-pattern or inverse head and shoulders from our support zone.
💎If UNIUSDT retraces further, we expect a bounce from the strong support zone—but again, we must wait for clear bullish confirmations before taking any positions.
💎The invalidation level? If price breaks and closes candle below the strong support zone, the entire bullish setup gets invalidated. In that case, we wait patiently for better price action before considering any new trades.
🎖Patience and discipline are key, Paradisers. Many traders will get trapped in bad positions, but those who wait for the right confirmations will be the ones making money. Trade smart & stick to high-probability setups only.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.