UNI Bullish IF we Break $29.5 Resistance

31 mar 2021

UNIUSDT

UNIUSDT No Sitting on a Interesting Area
1. it's at the bottom of daily ascending channel and did couple of Reactions to it and now bounced back from 50MA on daily
So basically it's ready to meet the median line of the channel ($34.5 area)

but we're touching the $29 resistance area (Yellow box), this Static resistance now is aligning with 50MA and 200MA as dynamic resistances on 4H Chart So need to break it to Being Bullish on it

If that happens i'm going to enter

Targets Are: $34-$35 area (TP1) / $42 (TP2)

Stop-loss: any 4H Candle close below the yellow box

NOTE: I don't recommend Entering now but if you're going to stop-loss would be any Daily Candle close below $26
Hope You Enjoy