$UAI is faced a strong rejection from $0.84, followed by an aggressive bearish candle back toward $0.60.
The immediate level I’m watching is $0.515–$0.535. If this zone fails on a 4H closing basis, the next downside area comes around $0.40.
A deeper correction could eventually bring $0.30–$0.32 into play.
For now, the structure remains bearish below $0.63. The reaction around $0.515 should tell us whether buyers are ready to defend or sellers have more room. $UAI