Hi friends! UNI is the most profitable altcoin of the last 1-2 months. I think this trend will continue and we will see new highs soon. This crypto platform keeps growing and a lot of buyers will support and push the price higher, when the pump happen.
🚩 Now the price of UNI is inside the $6.75-7.30 support area.
📊 Here the preconditions to open a long: 🔥 false breakout of the local lows which create after this local dump. The price need to go lower the support area to activate the stops of long traders. 🔥 growth of the volume confrirms us that during this price movements a lot of traders buy UNI to go long. Especially, this precondition show us the whales pressence which want to buy more UNI so they trap long traders in such way. 🔥 bullish BTC help ot UNI but all alts to reach their new highs. As i said before, UNI is te most profitable among other altcoins so pay you attention to this coin.
🚩DOM and Footprint scalping tools help me identify the whales buy orders and open the trade with them during this false breakout. In this case i can set short stop loss and get the best risk to reward ratio.
📊 The targets: 1. $10 - the closest key level, even number and big resistance. If the price break this level up, it will be great possibility to add to your position or open another good long.
🚩 But if i will see the price weakness and such things as false breakout of this level, i`ll realize my profit and try to find the entry to short trade. Also DOM and Footprint show the huge whales sell orders.
2. $13 - the key level
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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Thank you! Agree overall, as we are in a very clear Daily bullish range, inside Demand zone right now. However, still pretty bearish on 1h. Personally will wait for shift on 1h before going long. Cheers!