Technical Analysis:
UNIUSDT has been exhibiting a Horizontal Channel Pattern, indicating a period of consolidation within the range of $4.245 and $4.656. This pattern suggests that the price is bound within a specific trading range. Furthermore, a Wyckoff structure has been observed, which adds further significance to the trade setup.
Trade Setup:
Entry: Based on the Smart Money Concept, we have identified the entry spot at $4.435. This level represents an opportune moment to enter a long position, expecting a potential breakout from the Horizontal Channel Pattern.
Target: Our target for this trade setup is set at $5.10, offering a favorable upside potential from the breakout level. This target represents the anticipated price movement after the breakout.
Stop Loss: To effectively manage risk, we recommend setting a stop loss at $4.425. Placing the stop loss slightly below the entry spot helps protect against potential downside movements.
UNIUSDT has been exhibiting a Horizontal Channel Pattern, indicating a period of consolidation within the range of $4.245 and $4.656. This pattern suggests that the price is bound within a specific trading range. Furthermore, a Wyckoff structure has been observed, which adds further significance to the trade setup.
Trade Setup:
Entry: Based on the Smart Money Concept, we have identified the entry spot at $4.435. This level represents an opportune moment to enter a long position, expecting a potential breakout from the Horizontal Channel Pattern.
Target: Our target for this trade setup is set at $5.10, offering a favorable upside potential from the breakout level. This target represents the anticipated price movement after the breakout.
Stop Loss: To effectively manage risk, we recommend setting a stop loss at $4.425. Placing the stop loss slightly below the entry spot helps protect against potential downside movements.
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