UNIUSDT Chart Analysis
Updated
Well how to start !! Everything is in green from the past few days so as UNI, it's in nice uptrend heading towards the resistance which is at around 6% above from here ( Resistance at $8.146).
Currently it's in middle of the river, so what to do now? IMO as
BTC is testing it's breakout zone, I see no reason to be bearish for short term atleast it doesn't mean that I'm suggesting you to go long here, you can trade UNI if you want but make sure you ready to take big risk cause may be the local support zone at $7.3 may hold but don't trade based on the expectations. Let the market to tell us what we need to do.
So what's next? My suggestion is to let it come to one of our zones, may be retracement towards $7.31 price zone, I'll update if I observe high interest there, with respect that you can plan your trade.
What if it headed towards straight away towards resistance well then we can observe again and based on the appearing interest at that time let's decide whether we have to be on long side or short side. See guys no need to rush planning is everything.
Disclaimer : Anything provided here are only my opinions and ideas. I am not giving any financial advices, trade at your risk.
Currently it's in middle of the river, so what to do now? IMO as
BTC is testing it's breakout zone, I see no reason to be bearish for short term atleast it doesn't mean that I'm suggesting you to go long here, you can trade UNI if you want but make sure you ready to take big risk cause may be the local support zone at $7.3 may hold but don't trade based on the expectations. Let the market to tell us what we need to do.So what's next? My suggestion is to let it come to one of our zones, may be retracement towards $7.31 price zone, I'll update if I observe high interest there, with respect that you can plan your trade.
What if it headed towards straight away towards resistance well then we can observe again and based on the appearing interest at that time let's decide whether we have to be on long side or short side. See guys no need to rush planning is everything.
Disclaimer : Anything provided here are only my opinions and ideas. I am not giving any financial advices, trade at your risk.
Note
It reached our PoC, plan your trade accordingly
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