UNI/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 12.276, 12.552, 12.854.

Key Support Levels: 11.559, 11.230, 11.151.

1-Hr Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after finding buyers below the support level around the 11.550 USDT mark. This could lead to a move higher in the coming hours.

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

15-Mins Time Frame:

On the lower time frame, the buyers posted a double bottom showing that the buyers took control of the market and reversed to the upside. A higher low has been posted as well which is another indication that the market might move upward. A lower correction is about to occur before a new bullish impulsive wave.

Buy Market Order @ 11.550

TP 1 @ 11.959

TP 2 @ 12.276

Stop Loss @ 11.192

Trade Safely 🙂