$UNI USDC is showing a bearish rejection setup after failing to hold above the $5.00 psychological resistance with price stalling near the $4.924 Binance last price and forming lower highs below the $5.192 swing high. Sellers are defending the $5.00–$5.19 zone, while buyers failed to sustain momentum despite the recent sweep of the $4.345 low, indicating weak follow-through.
EP: $4.95–$5.05
TP1: $4.76
TP2: $4.50
TP3: $4.35
SL: $5.20
Price recently swept the $4.345 24h low and reclaimed higher, but the rejection at $5.00 (near the -47.99% 1Y return resistance) suggests a liquidity grab. The $4.76 level aligns with the 4H mid-range, while $4.35 is the recent swing low. Invalidation is a daily close above $5.20 which would flip the structure bullish and target the $5.50+ zone. R/R is ~1.5:1 at TP1, with tighter stops given the volatile 24h range.
EP: $4.95–$5.05
TP1: $4.76
TP2: $4.50
TP3: $4.35
SL: $5.20
Price recently swept the $4.345 24h low and reclaimed higher, but the rejection at $5.00 (near the -47.99% 1Y return resistance) suggests a liquidity grab. The $4.76 level aligns with the 4H mid-range, while $4.35 is the recent swing low. Invalidation is a daily close above $5.20 which would flip the structure bullish and target the $5.50+ zone. R/R is ~1.5:1 at TP1, with tighter stops given the volatile 24h range.
