strong buy

UNIUSDT Long Position Suggestion with Targets Near $9.81

The long position on UNI / USDT is suggested from a price of $7.654, with a recommended stop loss at $7.128. The four-hour timeframe indicates that the medium-term sideways range is transitioning into an upward trend, characterized by increasingly higher lows and highs. On the higher timeframe, the movement is originating from mirrored levels upwards, showing a correction within an ascending impulse and a consolidation above the mirrored level. The price has identified a local bottom, broke through it, and is consolidating above an inclined resistance line. This has created an interesting buy zone, which has been confirmed across smaller timeframes after testing. A strong trend support has formed, and the stop-loss should be set according to the traders’ strategy and risk management. The suggested entry range is from $7.470 to $7.708, with target levels at $8.049, $8.680, $9.211, and $9.810.
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AI Analysis

The analysis indicates a bullish outlook for UNI/USDT based on the recent price action across multiple timeframes. The transition from a sideways range to an uptrend suggests strong buying momentum de...

AI Recommendation

Based on this analysis, traders are advised to consider opening long positions within the suggested range. It is crucial to monitor price action for confirmation of sustained above-resistance levels a...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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