TradeCityPro | UNI: Key Levels and Bullish Continuation Setup

👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review UNI, one of the most popular DEX projects within the Ethereum ecosystem, with a market cap of $4.93 billion, ranking 28th on CoinMarketCap.

📅 Daily Timeframe
This coin has shown a strong upward move reaching 11.449 and then started a correction. After the failure at this level, a downward move began.

🧩 An important support zone around $8.5 has formed, which after breaking, is now acting as resistance.

✅ During this downward movement, the volume has been decreasing. Despite having two down legs so far, it can be said that the overall trend for this coin is still bullish.

📊 For a long position, the first trigger we have is the break of the Maker Seller level. Breaking this level will remove a lot of selling pressure, which could cause a sharp upward move in price.

🛒 The spot trigger for UNI is at 11.449. I recommend opening a long position after breaking the level, and using the profits from that position to buy this coin when the spot trigger is activated.

💥 For a short position, the trigger is 7.447. If the price ranges a bit longer in this area and then breaks the low, it would make a great position. However, if the price breaks the level right now, it would be a risky trigger.

📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

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