#BTCUptober #UNI: $UNI $BTC

🚀 UNI/USDT Technical Analysis – Bullish Breakout & Retest 🚀

Hi everyone, I’ve been analyzing UNI/USDT on the daily chart and wanted to share my insights. Here’s what I’m seeing:

📈 Trendline Breakout: UNI recently broke out of a long-term descending trendline and has successfully retested it. This is often a strong bullish signal, indicating potential upward momentum.

🛡️ Support Zone: The price has held strong above a key support zone around $3.8 (marked in the green box). This area has acted as a base for accumulation in the past, adding further confidence to the current move.

📊 Indicators:

MACD: Positive momentum is building, with the MACD line crossing above the signal line, further supporting the bullish sentiment.

📈 Volume: We’ve seen a noticeable increase in volume, which confirms the breakout’s strength. High volume during breakouts usually suggests that the move is supported by significant market interest.

🔍 What to Watch For:

Keep an eye on potential resistance levels around $12.86 and $17, where UNI may face some selling pressure.

Ensure risk management by placing stops around the previous trendline or below the support zone to guard against false breakouts.

💡 Final Thoughts: While the breakout looks promising, always trade with caution and make sure to manage risk accordingly. I hope this helps the community in navigating UNI’s potential next move!

Let me know your thoughts or if you see anything I missed! 💬👇