$UNI - LONG Setup
Entry: 5.70 – 5.75 (On a bounce from the immediate support zone with bullish structure)
Target 1:6.00
Target 2:6.20
Stop Loss:5.65 (Below the key intraday support)
My View:
UNI is showing strength,consolidating above the $5.70 support level after a recent uptrend. The price is forming a series of higher lows, indicating underlying buyer accumulation. The order book shows substantial bid support building just below the current price. The 7-day performance of +11.69% confirms a shift in momentum from bearish to bullish. The chart structure suggests this consolidation is a pause before the next leg up. I'm looking for a dip into the $5.70–$5.75 demand zone to hold and show a reversal candle, confirming buyers are stepping in to push price towards the next resistance.
Bias: Bullish above $5.70. A breakdown below $5.65 would shift the near-term structure bearish.
Disclaimer:My plan. Not advice. Trade your own risk.
