UNI: Intense Fluctuations, How to Decide in the Future?

Market Analysis:

UNI is currently priced at $17.07, with a 24-hour decline of -9.19%. It reached a high of $19.47 and a low of $17.00. Observing the daily chart, UNI has recently experienced a rapid increase followed by a correction. The price is still above the MA(7) moving average, indicating that bullish momentum remains strong; however, it faces some profit-taking pressure in the short term. The RSI is nearing the overbought area, so caution is needed for short-term volatility risks.

Support and Resistance Levels:

• First Support Level: $16.50

• Second Support Level: $15.40

• Third Support Level: $13.90

• First Resistance Level: $18.00

• Second Resistance Level: $19.50

• Third Resistance Level: $20.50

Short-term Trading Strategy:

1. Long Position Strategy:

• Entry: Attempt to go long near $16.50.

• Take Profit: $18.00.

• Stop Loss: $16.00.

2. Short Position Strategy:

• Entry: Short near $19.50.

• Take Profit: $18.00.

• Stop Loss: $20.00.

If UNI can quickly recover to $18.00 and break through $19.50, it will have the opportunity to challenge the $20.50 level or even higher targets. However, if it falls below $16.50, it may test below $15.00, and the short-term volatility pattern may continue.

【Public🀄️H: Bull Market Old Coin Lantern, will share exclusive information for brothers daily. Binance registration invitation code: Q9TB8ODZ, please support, wishing brothers and sisters a bountiful profit!】$UNI