On the trading chart of the currency pair $UNI /USDT in the 15-minute timeframe, we are currently witnessing a test at an important support level, specifically around 8.032 USDT. This price level is not only a support threshold but also considered a decisive point in the battle between buying and selling forces. With clearly lower highs and recent price consolidation, this is the moment where buyers are trying to prevent another price drop. Conversely, immediate resistance is set at 8.150 USDT. If the price can break through this level, it could pave the way for stronger bullish momentum.

Strategy & Entry Points:

  • Short-Term Long Entry Point: Consider opening a buy position when the price exceeds 8.150 USDT, with the profit target set at 8.250 USDT. To manage risk effectively, set a stop-loss order at 8.000 USDT to protect capital if UNI starts to decline.

  • Short-Term Entry Point: If the price falls below the 8.000 USDT level, consider opening a short position with the profit target set at 7.900 USDT. For this strategy, it is recommended to set a stop-loss order at 8.100 USDT to minimize potential risks.

Long-Term Outlook:

  • Bullish Entry Point: If UNI can maintain a price above 8.150 USDT, this will create an attractive buying opportunity with a target towards 8.350 USDT in the upcoming trading sessions.

  • Bearish Entry Point: If this support level is broken, the price may slide down to 7.800 USDT or lower, signaling a deeper correction in the price trend.

Conclusion:

With $UNI at a crucial decision point, traders need to closely monitor trading volume fluctuations near support and resistance levels. Any breakout or adjustment could trigger rapid price movements, reflecting a change in market sentiment. Monitoring these signals will help make accurate and timely trading decisions.

#binance #BTCBreak71K #BinanceBlockchainWeek #CryptoPreUSElection #EthereumPectraUpgrade