Technical analysis and operational suggestions for UNI's candlestick chart aim to reasonably predict today's market direction and provide clear operational ranges.
Short-term trend: From the 4-hour chart, it can be seen that UNI has experienced a significant drop recently and is currently in a low rebound phase, with the price gradually approaching the middle band of the Bollinger Bands, but bullish momentum is relatively limited.
Key support and resistance:
Support below: $13.10 (recent low)
Resistance above: $14.30-$14.50 (overlapping area of the upper Bollinger Band and previous highs)
Volatility characteristics: The current market volatility is relatively reduced, and the oscillation range is quite clear; attention should be paid to any sudden news that may trigger a price breakout.
Technical indicator analysis
Bollinger Bands (BOLL):
UNI's price is currently near the middle band of the Bollinger Bands, with bulls attempting to break upward.
The middle band ($13.80) is a key support area; if it stabilizes at the middle band, it is expected to test the upper band area in the short term.
Moving average system (MA):
MA5 and MA10 have just formed a golden cross, the short-term trend is positive, but MA30 is still sloping down, indicating that the rebound may be limited.
Trading volume:
Trading volume slightly increased, but did not reach a breakthrough level; it is necessary to closely monitor whether the bulls can maintain their strength.
Today's trading strategy
First profit-taking level:
$14.30-$14.50 range, if it rebounds to this area, it is recommended to take partial profits.
Second profit-taking level:
$14.80-$15.00 range, if it breaks the upper resistance with volume, it can be looked at further, but one should be cautious and sell in batches.
Stop loss level:
If the price falls below $13.10, consider stopping loss to avoid further losses.
Entry point:
Consider buying on dips in the $13.50-$13.70 range, with the target being the first profit-taking level.
Operation direction
It is recommended to mainly buy low and sell high today, with a bullish bias:
If the price continues to stabilize at the middle band of the Bollinger Bands, actively participate in the rebound.
Pay attention to controlling position sizes to avoid unnecessary losses caused by market fluctuations.
Today, UNI's short-term direction is biased towards bullish, but attention should be paid to the breakthrough of the key resistance range $14.30-$14.50. If there is no new capital or sudden news in the market, it may maintain a volatile upward trend; be cautious about chasing the rise. Overall, it is recommended to gradually take profits while paying attention to the impact of BTC's trend on UNI.
"The tug-of-war between UNI bulls and bears looks for a rebound today, but do not get too attached to the battle."
