$UNI
UNIUSDT — At Critical Multi-Month Support
UNIUSDT is trading at $4.86, down ~62% from its yearly high and now retesting the crucial $4.80 - $4.85 support zone. This level has been a major swing point and launching pad for significant rallies over the past two years. Price is deeply oversold after a prolonged downtrend, compressing into a historically significant demand area.
Trade Plan
Entry (Long): $4.80 - $4.88 (Scale into the multi-year support zone).
Target 1: $5.30 (Immediate resistance; recent swing high and psychological level).
Target 2: $5.80 (Primary target; 0.382 Fib retracement of the recent downtrend and a key prior structure).
Stop Loss: $4.68 (A decisive break below the swing low and historic support).
My View
UNI is at a generational support level. This is a high-conviction, high-risk value play for a major relief rally. A bounce from this zone could trigger a sharp move toward $5.50+. However, a breakdown below $4.68 would signal a structural failure and likely lead to much lower prices. Strict risk management is essential.
