UNI poised for takeoff, or about to pull back?

The DeFi sector is stirring again, how to grasp the rhythm?

Quick read on short-term trading strategies!

Market Analysis

UNI's current trend is relatively sluggish, although the overall retracement is evident, the support below remains strong. Market attention is gradually increasing, and we need to closely observe changes in capital flow and market sentiment, which may usher in new breakthrough opportunities.

Support and Resistance Levels

• Support Levels: $12.80, $12.50, $12.00

• Resistance Levels: $14.00, $14.50, $15.00

Short-term Trading Strategies

1. Long Strategy

• Entry Point: $12.80

• Add Position Point: $12.50

• Stop Loss Point: slightly below $12.00

• Take Profit Targets: First target $14.00, second target $14.50, third target $15.00

2. Short Strategy

• Entry Point: $14.00

• Add Position Point: $14.50

• Stop Loss Point: slightly above $15.00

• Take Profit Targets: First target $12.80, second target $12.50, third target $12.00

My Prediction

There is a possibility of a rebound after testing support for UNI in the near future, leaning more towards a long position setup is recommended, with potential for short-term breakthroughs.

【Every day, I will share analyses of mainstream coins and altcoins with you brothers, and you can click on the coin pair tags in the article for trading. Wishing brothers and sisters a prosperous earning!】$UNI