Technical Analysis for $UNI

/USDT

Current Price: $14.11 (+8.57% change in 24h)

24h Range: $12.818 - $14.151

Volume: 5.13M UNI traded in the last 24h

Key Indicators:

Support Level: $12.818 (24h low)

Resistance Level: $14.151 (24h high)

Moving Averages:

MA(5): 79,713.74 (bullish momentum)

MA(10): 74,146.48 (bullish momentum)

Market Depth: Current bid prices indicate a slight bullish pressure with bids at $14.111 and higher.

Trade Signals:

Bullish Scenario (Potential Long Trade):

Entry Point: Buy at $14.10 (slightly above current price for confirmation)

Targets:

1. Target 1: $14.50 (next resistance level)

2. Target 2: $15.00 (psychological level and higher resistance)

3. Target 3: $15.50 (extended resistance area)

Stop Loss: $13.50 (below recent support)

Bearish Scenario (Potential Short Trade):

Entry Point: Short below $13.80 (if price breaks recent support)

Targets:

1. Target 1: $13.00 (first support level)

2. Target 2: $12.50 (next significant support)

3. Target 3: $12.00 (further support)

Momentum:

Bullish Momentum: The current price shows upward movement, with volume increasing and MA indicators supporting further price rises.

Bearish Reversal: Watch for a drop below $13.80, which could signal a reversal.

Conclusion:

Current Trend: Bullish, but a cautious approach is recommended with support levels in focus.

Trade Recommendation: Focus on long trades if price maintains above $14.00, targeting higher resistance levels. Consider shorting only if price drops below $13.80 with bearish confirmation.

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