$UB (Unibase) — Signal: Bearish (Breakdown Confirmed)
Current Market Price: ~$0.1188 — $0.1432 (divergent across exchanges)
Technical Observation:
UB just crashed ~40% in a single day. The price broke below its ascending trendline on August 4 and failed to reclaim the $0.1399 zone as support — it flipped to resistance instead. This is a classic breakdown-retest-rejection pattern, signaling further downside.
Key Levels:
· Resistance: $0.1399 (failed retest zone)→ $0.1500
· Support: $0.1138 (first confirmed support)→ $0.1056 (0.618 Fib)
Strategy:
· Short entry: On rejection from $0.135 – $0.140
· Target 1: $0.1138
· Target 2: $0.1056 (0.618 Fib)
· Stop-loss: Above $0.1500
· Alternative: Wait for a reclaim of $0.140 with volume before considering longs
Bearish Catalyst: Binance and OKX dominated futures volume during the sell-off, with $1.83M in liquidations over 24h. Longs got caught first — now shorts may press lower.
#Web3Research #Unibase #UB #CryptoFutures
Current Market Price: ~$0.1188 — $0.1432 (divergent across exchanges)
Technical Observation:
UB just crashed ~40% in a single day. The price broke below its ascending trendline on August 4 and failed to reclaim the $0.1399 zone as support — it flipped to resistance instead. This is a classic breakdown-retest-rejection pattern, signaling further downside.
Key Levels:
· Resistance: $0.1399 (failed retest zone)→ $0.1500
· Support: $0.1138 (first confirmed support)→ $0.1056 (0.618 Fib)
Strategy:
· Short entry: On rejection from $0.135 – $0.140
· Target 1: $0.1138
· Target 2: $0.1056 (0.618 Fib)
· Stop-loss: Above $0.1500
· Alternative: Wait for a reclaim of $0.140 with volume before considering longs
Bearish Catalyst: Binance and OKX dominated futures volume during the sell-off, with $1.83M in liquidations over 24h. Longs got caught first — now shorts may press lower.
#Web3Research #Unibase #UB #CryptoFutures