MyCryptoParadise

UNI/USDT Assessing Bullish Potential After Resistance Breakout?

Long
BINANCE:UNIUSDT   UNI / TetherUS
💎Paradisers, let's focus on #UNIUSDT as it exhibits a notable market shift. Recently breaching a key resistance level, it is now hinting at a strong bullish momentum following a retest.

💎 Observing #Uniswap trend, we've seen it effectively navigate a descending channel, breaking above and initiating an upward trajectory. Currently, after breaking the robust resistance at $7.611, there’s an anticipation that this level will now serve as support post-retest. This could set the stage for a bullish movement aiming to challenge the substantial supply level at $12.015.

💎 However, given the crypto market's inherent unpredictability, it's crucial to be equipped for varying outcomes. If #UNI fails to maintain its new position post-resistance breakout, a strategic pivot may be required.

💎This could involve gearing up for a bullish recovery from the lower Bullish Order Block (OB) at $6.186. Caution is advised, as a decline below this OB level could signal a trend shift towards bearish territory.

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