๐$UAI just printed a sharp vertical rally into $0.3878 now the first rejection is creating a potential short setup.โผ๏ธ
UAI Short Trade Plan
๐ขEntry: $0.3500โ$0.3650
Stop Loss: $0.3900
TP1: $0.3150
TP2: $0.2750
TP3: $0.2350
๐จWhy this setup:
UAI has moved aggressively from the $0.20 area and is now showing rejection after tagging the $0.3878 high.
After such an extended move, the current $0.35โ$0.36 region can become a distribution area if buyers fail to reclaim the recent high.
A breakdown below $0.35 would strengthen the bearish setup, with $0.315 as the first major downside target.
If selling pressure continues, the previous consolidation zones around $0.275 and $0.235 become the next areas to watch.
๐Trade here ๐
#SP500FuturesFall
follow me for more updates ๐ @TZX_Crypto
UAI Short Trade Plan
๐ขEntry: $0.3500โ$0.3650
Stop Loss: $0.3900
TP1: $0.3150
TP2: $0.2750
TP3: $0.2350
๐จWhy this setup:
UAI has moved aggressively from the $0.20 area and is now showing rejection after tagging the $0.3878 high.
After such an extended move, the current $0.35โ$0.36 region can become a distribution area if buyers fail to reclaim the recent high.
A breakdown below $0.35 would strengthen the bearish setup, with $0.315 as the first major downside target.
If selling pressure continues, the previous consolidation zones around $0.275 and $0.235 become the next areas to watch.
๐Trade here ๐
#SP500FuturesFall
follow me for more updates ๐ @TZX_Crypto
