$UNI Here’s a detailed analysis of UNI (Uniswap), focusing on its current situation and the next trading steps. Please note that this is for educational purposes, and you should always conduct your own research (DYOR) and use proper risk management.

Market Context:

A long liquidation occurred at $12.4662, with a significant liquidation amount of $7.4797K.

This suggests bearish pressure at higher levels, as bulls failed to maintain momentum.

Technical Analysis:

1. Support Zone (Buy Zone):

UNI has strong support around $11.20 - $11.50.

If the price consolidates in this area, it could act as a good entry point for a long position.

2. Resistance Levels (Targets):

First Target: $12.20 (near recent liquidation price).

Second Target: $13.00 (psychological resistance).

Extended Target: $13.80 - $14.00 (if bullish momentum strengthens).

3. Stop Loss (SL):

Place a stop loss slightly below the $11.00 level.

This protects against further downside if the bearish trend continues.

Next Steps:

Bullish Strategy:

Enter around $11.20 - $11.50, targeting $12.20 and $13.00, with SL at $11.00.

Wait for confirmation of support before entering.

Bearish Scenario:

If UNI breaks below $11.00, it could move to the next support at $10.50 - $10.20.

Avoid longs in this case and monitor for a bounce near lower levels.

Key Indicators to Watch:

Volume: Rising buying volume near the support zone could indicate a reversal.

RSI: Oversold RSI on the 4-hour chart may signal a buying opportunity.

Moving Averages: Monitor the 50-day and 200-day moving averages for trend direction.

Risk Management:

Use 2-3% of your portfolio per trade to limit risk.

Stick to your stop-loss and target levels to maintain discipline.

Summary:

Buy Zone: $11.20 - $11.50

Targets: $12.20, $13.00, and $13.80

Stop Loss: $11.00.

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