Uniswap Analysis on M15 Time Frame, April 19, 2025
Uniswap on M15 TF A series of strong bullish candles formed in the early morning of April 19, which pushed the price sharply higher. However, at the upper level (around 5,295), a reversal candlestick formation appeared, such as a pin bar and a small engulfing, indicating buyer fatigue. Currently, the last candle shows a bearish continuation, but has not broken through the MA line which can function as dynamic support.
Recommendation: Entry buy if the price forms a bullish reversal candle in the 5,200 - 5,215 zone. Stop Loss: Below 5,160. Take Profit: 5,280 - 5,300.