Weekly Overview:
UNI has been hovering around a significant weekly support/resistance zone for several weeks. Last week's strong bullish candle signals growing buying interest at this level 🟢.
Daily Chart Insight:
The daily structure remains bullish ✅. Price has pulled back into the discount zone, showing momentum that aligns with continuation. This setup is ideal for trend-following traders looking for a fresh leg upward.
4H Chart Analysis:
Price has broken above the descending trendline ⤴️. However, to confirm a clean reversal, I want to see a break above the bearish structure and the 4H 50EMA. Once that happens, I’ll zoom in to lower timeframes to look for confirmation entry opportunities 📈.
Plan:
UNI has been hovering around a significant weekly support/resistance zone for several weeks. Last week's strong bullish candle signals growing buying interest at this level 🟢.
Daily Chart Insight:
The daily structure remains bullish ✅. Price has pulled back into the discount zone, showing momentum that aligns with continuation. This setup is ideal for trend-following traders looking for a fresh leg upward.
4H Chart Analysis:
Price has broken above the descending trendline ⤴️. However, to confirm a clean reversal, I want to see a break above the bearish structure and the 4H 50EMA. Once that happens, I’ll zoom in to lower timeframes to look for confirmation entry opportunities 📈.
Plan:
- Bias: Bullish
- Entry: After break of 4H bearish structure and 50EMA, monitor LTF for confirmation
- Targets: Short-term swing to previous highs; scale out on key resistance levels
- Invalidation: Close back below the trendline and bearish structure
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.