UNI/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 11.178, 12.129, 12.892.
Key Support Levels: 10.195, 9.483, 8.660.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside after a fake out where the bears has been trapped. The market retraced to the support area where it left a hammer bar with a long wick to the upside. This could lead to a move higher in the coming hours.
UNI/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after an inverse head and shoulders formation. A lower correction could be seen to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 10.225
TP 1 @ 11.178
TP 2 @ 12.112
Stop Loss @ 9.274
Trade Safely 🙂