UNI dumping -10.8% on $61.8M volume. The question isn't why it's falling — it's whether the bleed is done.
4H RSI at 33.6 is flirting with oversold, but here's the thing: in strong downtrends, RSI can stay oversold longer than you can stay solvent. Price is well below both the 7 and 25 MAs on the 4H. MACD histogram is expanding negative.
Daily chart tells a different story — RSI still at 60.3, MACD positive. This looks like a correction within a larger uptrend, not a trend reversal.
📋 Trade Plan (SHORT — counter-trend scalp):
• Entry: $5.97 - $6.20
• Stop Loss: $6.55 (above the 4H 7-MA — if price reclaims this, bears are wrong)
• TP1: $5.80 | TP2: $5.62 | TP3: $5.38
This is a momentum short, not a position trade. Take profits quickly.
⚠️ Confidence: 72% — strong short-term momentum but daily structure still bullish.
Think UNI finds support here or does $5.50 get tested? 🤔
#UNI #CryptoTrading #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.
4H RSI at 33.6 is flirting with oversold, but here's the thing: in strong downtrends, RSI can stay oversold longer than you can stay solvent. Price is well below both the 7 and 25 MAs on the 4H. MACD histogram is expanding negative.
Daily chart tells a different story — RSI still at 60.3, MACD positive. This looks like a correction within a larger uptrend, not a trend reversal.
📋 Trade Plan (SHORT — counter-trend scalp):
• Entry: $5.97 - $6.20
• Stop Loss: $6.55 (above the 4H 7-MA — if price reclaims this, bears are wrong)
• TP1: $5.80 | TP2: $5.62 | TP3: $5.38
This is a momentum short, not a position trade. Take profits quickly.
⚠️ Confidence: 72% — strong short-term momentum but daily structure still bullish.
Think UNI finds support here or does $5.50 get tested? 🤔
#UNI #CryptoTrading #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.