Here is the complete breakdown of the UNISWAP trade.
On January 4th UNI made its last critical trend support retest at around 4$.
🔷After a few it was confirmed to continue an upwards channel. That was until we reached the critical $7 resistance cluster.
Looking back in September UNI had exploded and saw a massive sell off, (most likely from the free air drop). We had scene small accumulation in this area which marked critical resistance / support ($6.80 - $7.50).
🔷On JAN 16th we closed above this resistance level saw buying activity after confirmation. Usually retail traders will FOMO sell after thinking they have reached the peak. This then caused the price to move back towards critical support levels. Paying attention to the wicks, we can see price had moved down to $6.80 and quickly climbed back up. This indicated heavy demand getting filled (people buying the dips).
🟢 After confirmation of the critical support cluster holding. We can make the predication of making a higher high.
👉It is always BEST to enter your trades after confirmation. In this case we had waited about 6 days to enter the trade.
👉If we had entered at the first break out, most of us would have fallen to FOMO selling.
⭐️ Entry : $8.00
✅ 160% + Spot gain!
✏️ Current View
Looking at the current price, we can see UNI had exploded again closing above its trend resistance. We are currently retesting this level and can see long wicks at the support cluster (high lighted area). The long wicks are indicating demand is getting filled. Remember to make your entries after confirmation of 4H candle holding above
$8.20
Hopefully this can help you enter trades strategically with less risk level!
Thank you for your time ❤️ Please give this a 👍 if learned something new :)
Feel free to view previous analysis and results below !
This is not financial advice. The guide above should only be used for educational purposes.
On January 4th UNI made its last critical trend support retest at around 4$.
🔷After a few it was confirmed to continue an upwards channel. That was until we reached the critical $7 resistance cluster.
Looking back in September UNI had exploded and saw a massive sell off, (most likely from the free air drop). We had scene small accumulation in this area which marked critical resistance / support ($6.80 - $7.50).
🔷On JAN 16th we closed above this resistance level saw buying activity after confirmation. Usually retail traders will FOMO sell after thinking they have reached the peak. This then caused the price to move back towards critical support levels. Paying attention to the wicks, we can see price had moved down to $6.80 and quickly climbed back up. This indicated heavy demand getting filled (people buying the dips).
🟢 After confirmation of the critical support cluster holding. We can make the predication of making a higher high.
👉It is always BEST to enter your trades after confirmation. In this case we had waited about 6 days to enter the trade.
👉If we had entered at the first break out, most of us would have fallen to FOMO selling.
⭐️ Entry : $8.00
✅ 160% + Spot gain!
✏️ Current View
Looking at the current price, we can see UNI had exploded again closing above its trend resistance. We are currently retesting this level and can see long wicks at the support cluster (high lighted area). The long wicks are indicating demand is getting filled. Remember to make your entries after confirmation of 4H candle holding above
$8.20
Hopefully this can help you enter trades strategically with less risk level!
Thank you for your time ❤️ Please give this a 👍 if learned something new :)
Feel free to view previous analysis and results below !
This is not financial advice. The guide above should only be used for educational purposes.
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Previous UNI/USDT Analysis
