Analysis: UNI-BTC: Looking for an entry pointThesis: UNI-BTC will dump down to an attractive level, if it hasn't already, build a base and then go for another leg up.
Timeframe: Weeks
Outcome: Enter at one of these levels with a tight stop loss, based on previous wicks.
Invalidation: Whales are trying to shake out and mess with current entrants and accumulate, I could get stopped out twice and lose up to 30% of capital. Would need a very tight stop loss to execute this trade.
Action: Continue to observe thsi chart daily, see what happens, consider entering for a 20-40% move on Binance.
UNIBTC trade ideas
UNISWAP soon ready for BULLISH MOVE - (Near Demand Zone)#UNISWAP TA Update:-
1. #UNISWAP now trading at 73098 sats, and converging into a falling wedge.
Falling wedge ends with a Bullish move. So 1st Confirmation is Falling Wedge.
2. Also UNISWAP is approaching Demand Zone which is at daily support. The daily support level at 29552 is going to be tested 1st time, so 90% chances are the rejection.
3. There is a Volume Divergence. Price is decreasing but there is no Selling volume, indicates the weak hands are selling but the whales are accumulating slowly. Also, downtrend must be supported
with large volume. Since there is less selling volume, so there are high chances that UNISWAP is going to Move upward from Demand Zone.
Daily Support: 29552 (Demand Zone)
4h Support: 21503 (Below That You can put Stoploss or Average Out In worst Case)
Confirmation For Uptrend:
Falling Wedge ----- Approaching Demand Zone ----- Volume Divergence
Always implement Risk Management. Don't Invest All.
Invest 10-15% of capital, then in case price dumps, invest rest 10% to average out.
For averaging out, put orders atleast 15% below your buying price to properly average out.
Thanks.
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UNI/BTC (Test Previous Resistance?)BINANCE: UNIBTC
-After consolidating yesterday, UNI decided to break to the downside
-It is now trading inside a descending channel with a Bear cross of 20ma>50ma
-The worst scenario is to test the previous resistance area
-Its current value will decline by -25% inside this channel
-If you have position since the start of its strong uptrend
-You have already taken some profit and wait for potential rebuy entries
-Be patient, wait for the perfect timing to take another opportunity
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Not Financial Advice
Please Exercise Risk Management
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UNI/BTC (Consolidation or Continuation Pattern?)BINANCE: UNIBTC
-After a strong uptrend since released, UNI is now trading inside a channel
-This channel will decide if the market will continue higher or not
-If this consolidation is a continuation pattern or Bull flag
-I recommend buying the breakout confirmation with stop loss inside the channel
-But if the price broke to the downside of this pattern
-Wait for the support retest for possible short entries
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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