The trading chart of the currency pair $UNI /USDT on the 15-minute timeframe is clearly showing support and resistance areas, which facilitates the establishment of effective trading strategies in the near future. With recent fluctuations, traders are very interested in the possibility of significant price movements.

📊 Current Price: 8.039 USDT

💡 Important Levels to Watch:

  1. Resistance Area: 8.25 USDT

    • If the price breaks through this resistance level, it could signal the beginning of a strong bullish trend, attracting increased participation from investors and creating momentum towards higher targets. This breakout not only provides profit opportunities for those who enter buy orders but could also lead to the start of a new long-term uptrend.

  2. Support Area: 8.05 USDT

    • This is an important support line for the price of UNI. If the price falls below this level, stronger selling pressure is likely to emerge, causing the price to plunge to lower levels, creating significant risk for open positions.

📈 Long Entry Strategy:

  • Entry condition: Consider buying when the price exceeds the 8.10 USDT mark to confirm upward momentum.

  • Profit target: Set the target at 8.25 USDT, with a higher extension target at 8.30 USDT if the uptrend continues.

  • Risk management: Set a stop-loss order at 8.05 USDT to limit risk in case the market trend reverses.

📉 Short Entry Strategy:

  • Entry condition: Consider opening a sell position if the price drops below the 8.05 USDT mark when the support is broken.

  • Profit target: Aim for a price of 7.95 USDT, with a secondary target at 7.85 USDT.

  • Risk management: Set a stop-loss order around 8.10 USDT to protect capital in case of an unwanted recovery.

⚠️ Risk Management:

Tight risk management is extremely important, especially in the context of $UNI /USDT showing significant volatility during this period. Traders need to monitor the confirmation of trading volume near support and resistance levels to assess UNI's next major move.

Always be cautious and conduct thorough analysis before making any investment decisions.

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