【$UNI Signal】1H Triangle Convergence Ending, Waiting for Breakout to Strike

$UNI The 1H timeframe is consolidating in a narrow triangle at 3.30-3.33, with price close above EMA20 (3.3026), about to choose a direction. The 4H timeframe remains in a weak rebound within a downtrend channel, but the bid depth (bid_ask_ratio_depth: 0.26) shows strong support below, and the negative funding rate (-0.0106%) coexists with stable open interest (OI Stable), indicating potential for a short squeeze rebound. The current price is at the end of the convergence; avoid chasing high and focus on key levels.

🎯 Direction: Watchful ( Pending Orders )

⚡ Order Strategy:

- Long Entry Order 1: 3.305 ( Reason: 1H EMA20 and triangle lower boundary resonance support )

- Long Entry Order 2: 3.285 ( Reason: Previous low on 4H candlestick and dense trading zone support )

- Breakout Follow-up Long: 3.335 ( Reason: Volume breakout above triangle upper boundary and 1H EMA50 resistance )

🛑 Stop Loss: 3.255 ( Reason: Break below 4H previous low and ATR( 0.2241) lower boundary )

🚀 Target 1: 3.38 ( Reason: 4H EMA20 resistance level )

🚀 Target 2: 3.45 ( Reason: 1.618 Fibonacci extension level and previous dense chip zone )

🛡️ Trading Management:

- Position Suggestion: Light position ( Reason: 4H trend unclear, only 1H structure game, high risk )

- Execution Strategy: If pending orders are filled, reduce position by 50% after reaching Target 1, and move stop loss to entry point. Remaining position aims for Target 2. If price consolidates sideways within the convergence zone for more than 4 candles on 1H, consider canceling orders.

Depth Logic: Market depth shows massive sell orders at 3.333 (313,350), a short-term key resistance. However, buy orders below are much thicker than sell orders (depth_imbalance: -58.14%), indicating main force may be supporting the price below to absorb buy orders. The 1H RSI (52.46) is neutral to slightly strong; a volume breakout above 3.333 will quickly open upward space. In a negative funding rate environment, short positions have high costs, fueling a short squeeze.

Trade here 👇 $UNI

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