💎 UNI has been a focal point in the cryptocurrency market, having recently achieved a significant breakthrough by surpassing a key resistance area and breaking out of a bullish pennant pattern.
💎 This advancement indicates a potential retesting phase at what was previously resistance, now serving as support. Successful retesting could pave the way for continued upward movement, with the next target being a strong resistance area.
💎 During this retesting phase, it's crucial for UNI to demonstrate a robust bounce off the support area to maintain its upward trajectory. Failure to hold this support level could result in UNI retreating to the demand area, specifically around the $6.1 mark.
💎 The $6.1 demand zone becomes a critical point for UNI. For the asset to resume its upward path, a strong rebound from this level is necessary, aiming to surpass and sustain above the former resistance level.
💎 This action is vital for continuing the upward movement towards the strong resistance. Conversely, if UNI fails to hold this demand level and breaks down, it could signal a shift towards a stronger support area.
💎 This advancement indicates a potential retesting phase at what was previously resistance, now serving as support. Successful retesting could pave the way for continued upward movement, with the next target being a strong resistance area.
💎 During this retesting phase, it's crucial for UNI to demonstrate a robust bounce off the support area to maintain its upward trajectory. Failure to hold this support level could result in UNI retreating to the demand area, specifically around the $6.1 mark.
💎 The $6.1 demand zone becomes a critical point for UNI. For the asset to resume its upward path, a strong rebound from this level is necessary, aiming to surpass and sustain above the former resistance level.
💎 This action is vital for continuing the upward movement towards the strong resistance. Conversely, if UNI fails to hold this demand level and breaks down, it could signal a shift towards a stronger support area.
Trade closed: target reached
Boom! #UNI is doing just what we said. Up 111.18% and looking good!
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.