๐ธ Key Support Zone at $4 - $6:
UNI is consolidating in the $4 - $6 range, indicating a strong accumulation phase. This zone has historically acted as a demand area, making it a critical level for a potential reversal.
๐ธ Upside Target: $12 - $17
Once UNI confirms a breakout from this accumulation range, the first major target would be $12, followed by $17 in a strong bullish scenario.
๐ธ Risk Level at $3.50:
A drop below $3.50 would invalidate this bullish setup, potentially leading to further downside.
๐ธ Action:
Watch for bullish confirmations above $6 with strong volume.
A retest of $5 - $4.50 could provide a high R:R entry opportunity.
Keep an eye on BTC and overall market sentiment to confirm trend direction.
#UNI ๐
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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.