đ UNI dropping 5.3% on INCREASING volume. That's the most bearish signal in technical analysis.
At $3.908, Uniswap has broken below its 7-day SMA ($3.946) and the 4H RSI sits at 40.1 â leaning bearish with room to fall further. When price drops AND volume expands, it means sellers are in control. Period.
Why is this happening? No specific bad news, but the price action itself IS the news. Distribution is happening, and smart money appears to be reducing exposure.
â ď¸ If you hold UNI:
⢠Consider reducing position size here
⢠Stop loss: $3.30 (below key support)
⢠Re-entry zone: $3.50-$3.80 IF volume stabilizes
đŻ For shorts:
⢠Entry: $3.90-$4.00 on any bounce
⢠Stop: $4.20
⢠TP1: $3.50 | TP2: $3.30
đ The longs/shorts ratio at 1.55 suggests too many people are still hoping for a bounce. That's usually a sign the pain isn't over.
DEX tokens tend to be high-beta plays â when the market turns, they fall harder. UNI is no exception.
đ Are you holding through this dip or cutting? What's your thesis for UNI long-term?
#UNI #Uniswap #DYOR
â ď¸ Disclaimer: This is personal analysis, not financial advice. Always do your own research and manage risk.
At $3.908, Uniswap has broken below its 7-day SMA ($3.946) and the 4H RSI sits at 40.1 â leaning bearish with room to fall further. When price drops AND volume expands, it means sellers are in control. Period.
Why is this happening? No specific bad news, but the price action itself IS the news. Distribution is happening, and smart money appears to be reducing exposure.
â ď¸ If you hold UNI:
⢠Consider reducing position size here
⢠Stop loss: $3.30 (below key support)
⢠Re-entry zone: $3.50-$3.80 IF volume stabilizes
đŻ For shorts:
⢠Entry: $3.90-$4.00 on any bounce
⢠Stop: $4.20
⢠TP1: $3.50 | TP2: $3.30
đ The longs/shorts ratio at 1.55 suggests too many people are still hoping for a bounce. That's usually a sign the pain isn't over.
DEX tokens tend to be high-beta plays â when the market turns, they fall harder. UNI is no exception.
đ Are you holding through this dip or cutting? What's your thesis for UNI long-term?
#UNI #Uniswap #DYOR
â ď¸ Disclaimer: This is personal analysis, not financial advice. Always do your own research and manage risk.