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UNI/USD Breakout Watch: Bullish Momentum Building at Key Support

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Weekly Overview:
UNI has been hovering around a significant weekly support/resistance zone for several weeks. Last week's strong bullish candle signals growing buying interest at this level 🟢.

Daily Chart Insight:
The daily structure remains bullish ✅. Price has pulled back into the discount zone, showing momentum that aligns with continuation. This setup is ideal for trend-following traders looking for a fresh leg upward.

4H Chart Analysis:
Price has broken above the descending trendline ⤴️. However, to confirm a clean reversal, I want to see a break above the bearish structure and the 4H 50EMA. Once that happens, I’ll zoom in to lower timeframes to look for confirmation entry opportunities 📈.

Plan:
  • Bias: Bullish
  • Entry: After break of 4H bearish structure and 50EMA, monitor LTF for confirmation
  • Targets: Short-term swing to previous highs; scale out on key resistance levels
  • Invalidation: Close back below the trendline and bearish structure

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