$UNI still holding the rising trendline — that's the baseline structure to respect. But we're now testing resistance around $6.40–$6.50, and momentum is starting to fade.
The tell? Bearish divergence on RSI. Price making higher highs, RSI making lower highs. Classic sign that the move is losing steam.
Short-term, this could mean a pullback or consolidation, especially if we get rejected here again. Not a breakdown — just healthy cooling after a run.
The rising trendline below is your key support. As long as that holds, the macro structure is intact. If we dip back to test it, that's where you watch for strength.
Long-term holders: this is noise. You're holding through cycles, not trading every RSI wiggle. If you're looking to add, wait for the trendline test or a confirmed breakout above $6.50 with volume.
Patience wins. Let the chart come to you.
The tell? Bearish divergence on RSI. Price making higher highs, RSI making lower highs. Classic sign that the move is losing steam.
Short-term, this could mean a pullback or consolidation, especially if we get rejected here again. Not a breakdown — just healthy cooling after a run.
The rising trendline below is your key support. As long as that holds, the macro structure is intact. If we dip back to test it, that's where you watch for strength.
Long-term holders: this is noise. You're holding through cycles, not trading every RSI wiggle. If you're looking to add, wait for the trendline test or a confirmed breakout above $6.50 with volume.
Patience wins. Let the chart come to you.
