You think the intraday high at $0.5603 is resistance? Take another look at the K-line—those wicks pierced to 0.56 and got slapped down, and the close is still hovering around 0.5352. This is a classic “false breakout baiting longs.” The volume of 260 million is real money, but the fee rate at +0.0766% shows the long positions’ cost basis is already outrageously expensive—every 100U burns 0.23U per day. They can’t hold it.
$UAI Current price: 0.5352. For the short term, look for range consolidation around 0.52–0.54 to work off profit-taking. Enter by placing orders at 0.5250–0.5350, set SL at 0.4780 (if price breaks below the prior low structure, the setup is invalid). TP1 targets the prior high at 0.5603, and TP2 looks to the psychological level of 0.6000. Note: as long as this upper wick hasn’t been reclaimed, chasing longs is just helping the old operator carry the sedan.
Save this first. Come back tomorrow morning and check my levels—see if they’re accurate. If you think 0.56 can break straight through, leave your direction in the comments so we can wager.
#UAI
$UAI Current price: 0.5352. For the short term, look for range consolidation around 0.52–0.54 to work off profit-taking. Enter by placing orders at 0.5250–0.5350, set SL at 0.4780 (if price breaks below the prior low structure, the setup is invalid). TP1 targets the prior high at 0.5603, and TP2 looks to the psychological level of 0.6000. Note: as long as this upper wick hasn’t been reclaimed, chasing longs is just helping the old operator carry the sedan.
Save this first. Come back tomorrow morning and check my levels—see if they’re accurate. If you think 0.56 can break straight through, leave your direction in the comments so we can wager.
#UAI