#UNI/USDT Forming Bullish Continuation

#UNI

The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

We are seeing a bearish bias in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected.

There is a key support zone in green at 5.58, and the price has bounced from this level several times. Another bounce is expected.

We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend.

Entry Price: 5.73
First Target: 5.90
Second Target: 6.12
Third Target: 6.36

Place your stop-loss order below the green support zone.

Remember a simple principle: Money Management.

For any questions, please leave a comment.

Thank you.