$UNI just gave up another important chunk of its recent recovery — and now the $3.20 area is the level I’m watching closely.
$UNI — SUPPORT TEST AFTER A SHARP SELL-OFF
Current price: ~$3.23–$3.27
24H: roughly -1% to -2%
Recent 24H low: ~$3.22
Recent 24H high: ~$3.28
Recent weekly performance: around -18%
4H Market Structure
The structure has clearly weakened after UNI was rejected from the $4.40–$4.50 region and continued sliding toward the $3.10–$3.20 support area. For now, this is still a bearish structure rather than a confirmed reversal.
But this is where the chart gets interesting.
UNI is now sitting close to a major decision zone. Buyers either defend the lows and start building higher lows, or sellers finally force a clean breakdown.
The Key Observation
I’m not interested in buying simply because UNI looks “cheap.”
The interesting setup would be a liquidity sweep below $3.20 followed by a strong reclaim. That would tell me sellers pushed price lower but failed to maintain control.
There is also a fresh fundamental angle behind UNI: recent reports say Uniswap’s fee/burn mechanism has been gaining traction through Robinhood Chain activity, with reported annualized UNI burns around $90M. That strengthens the longer-term tokenomics story, but it does NOT override the current bearish chart.
Volume Check
After such a large weekly decline, I want to see buyers actually return.
A green candle without volume expansion is not enough. A reclaim of $3.20–$3.25 with noticeably stronger buying activity would be much more convincing.
What I Like
- UNI is testing the important $3.10–$3.20 support region.
- A sweep-and-reclaim could create a clean reversal setup.
- The evolving fee/burn model provides a stronger fundamental backdrop.
What I Don't Like
- Short-term structure remains bearish.
- UNI has lost significant ground over the past week.
- A clean break below $3.10 could open another leg lower.
My Plan
I’m not chasing the current bounce.
I want price to prove that $3.20 can be reclaimed and defended. Until then, the setup stays conditional.
TRADE SETUP
Bias: LONG — CONDITIONAL
Strategy: Liquidity Sweep + Reclaim
Entry: $3.22 – $3.30
Confirmation: 15M/1H candle closes back above $3.25 after a sweep below $3.20, preferably with expanding buying volume.
TP1: $3.40
TP2: $3.55
TP3: $3.80
TP4: $4.05
SL: $3.08
R:R: approximately 1:1.2 to TP1, 1:2.3 to TP2, 1:4+ to TP3
Invalidation
A sustained 1H/4H close below $3.10 with expanding sell volume invalidates the bullish reversal idea.
At that point, I would rather wait for a new structure than try to catch the knife.
Final Market View
UNI is at a decision point, not a confirmed reversal.
The fundamentals are becoming more interesting, but price still needs to do the work. For me, the trigger is simple:
Sweep → reclaim → volume confirmation.
No reclaim, no long.
Would you wait for UNI to reclaim $3.25, or do you think $3.10 breaks first?
