Futures Trading Signal Update: $UNI
$UNI is currently trading around 3.92 and testing the major downtrend resistance that has been holding price down for weeks. This area is a key decision zone for the next move.
If price breaks and holds above 3.95–4.00, it could trigger a quick bullish move toward 4.15–4.20 as short positions start getting squeezed.
However, if the trendline rejects the price again, the move may form a lower high, increasing the probability of a pullback toward 3.75–3.65, with deeper support around 3.40–3.30.
Trading Plan
Long Setup:
Entry: Above 4.00 (confirmed breakout)
SL: 3.82
TP1: 4.15
TP2: 4.20
Short Setup:
Entry: 3.90–3.95 (if clear rejection appears)
SL: 4.05
TP1: 3.75
TP2: 3.65
The next few candles around this resistance will likely determine the next direction, so watch the breakout or rejection carefully before entering a trade. ⚠️
