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UNI/USDT (Futures) Potential Upward Movement

UNI/USDT (Futures) Potential Long-Term Trend: Bullish

Key Resistance Levels: 10.204, 10.419, 10.569.

Key Support Levels: 10.000, 9.865, 9.751.

1-Hr Time Frame:

The price on the higher time frame failed to break the strong support around the 10.005 USDT mark where it posted an engulfing bullish pattern signaling that the bears were trapped. This could lead to a move higher in coming hours.

UNI/USDT (Futures) Potential Medium-Term Trend: Bullish

10-Mins Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom 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 Limit Order @ 10.020

Target Profit 1 @ 10.204

Target Profit 2 @ 10.419

Stop Loss @ 9.850

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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