🔍 Let's dive into a long-term analysis of this popular coin and examine both the long-term and short-term perspectives.
🕯️ Similar to other coins, UNI has been trading within a 600-day weekly box. After breaking the weekly resistance at 7.791, it initiated a sharp uptrend.
🛑 On the daily timeframe, following a test of the resistance at 15.428 and a correction to the support at 10.519, along with a pullback to 12.912, we've returned to the primary support level at 10.519.
🚀 Personally, I bought on the box break and am currently holding my positions. However, if you bought at the 7.791 break and the support at 10.519 fails, closing below this support, you might consider selling your coins for the medium term.
📉 Even if this support breaks, you can short positions in lower timeframes, profit from futures, and somewhat hedge risks. But I recommend researching this thoroughly before executing such actions.
💡 If you haven't bought yet, you can wait for a correction to the 7.791 range for spot and candle confirmation. Fibonacci and Dow Theory both suggest significance for the 50% retracement. Additionally, this correction could serve as a pullback to a weekly timeframe support turned resistance!
🚀 Moreover, if resistance at 15.428 is broken, we can aim for targets at 19.309 and 30.608 for mid-term holdings.
🎯 If you're currently long from this support, you can riskily go long again after 12.912. Make sure our volume has also increased during this bullish move.
💻 I also suggest checking out the UNI website and project and consider creating a liquidity pool. This might bring even greater profits than trading and buying and selling this coin!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
🕯️ Similar to other coins, UNI has been trading within a 600-day weekly box. After breaking the weekly resistance at 7.791, it initiated a sharp uptrend.
🛑 On the daily timeframe, following a test of the resistance at 15.428 and a correction to the support at 10.519, along with a pullback to 12.912, we've returned to the primary support level at 10.519.
🚀 Personally, I bought on the box break and am currently holding my positions. However, if you bought at the 7.791 break and the support at 10.519 fails, closing below this support, you might consider selling your coins for the medium term.
📉 Even if this support breaks, you can short positions in lower timeframes, profit from futures, and somewhat hedge risks. But I recommend researching this thoroughly before executing such actions.
💡 If you haven't bought yet, you can wait for a correction to the 7.791 range for spot and candle confirmation. Fibonacci and Dow Theory both suggest significance for the 50% retracement. Additionally, this correction could serve as a pullback to a weekly timeframe support turned resistance!
🚀 Moreover, if resistance at 15.428 is broken, we can aim for targets at 19.309 and 30.608 for mid-term holdings.
🎯 If you're currently long from this support, you can riskily go long again after 12.912. Make sure our volume has also increased during this bullish move.
💻 I also suggest checking out the UNI website and project and consider creating a liquidity pool. This might bring even greater profits than trading and buying and selling this coin!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
