Goldman Sachs says the likelihood of a rate hike in September is very low, easing concerns in the crypto market. But UNI is following its own path: the short-term just started to lift, yet the 4-hour chart is still inside a deep downtrend channel.

Let the data speak: current price 3.278; the 1-hour trend is upward—just 0.94% away from the high, suggesting some short-term momentum. However, the 4-hour is still down 22.4% from the high, and the medium-term bearish setup remains unchanged. In the order book, the top 10 bids total 83,453 versus 67,104 asks—buyers have the advantage, supporting a short-term rebound. Funding rate is -0.0057%: somewhat cold but not extreme; bearish momentum is average.

Key levels: First resistance above at 3.309; to hold steady, look at 3.420; strong resistance at 4.224. Support below at 3.198; strong support at 3.168.

Trading advice: Aggressive traders could go long with a light position at the current price of 3.278, set a stop-loss at 3.160, and targets at 3.309 and 3.420. Conservative traders should wait for a rebound to around 3.309 to short, with a stop-loss at 3.360 and a target at 3.200. I personally prefer the latter, since the 4-hour trend is downward.

Risk: The trading amount is only 4.87 million, liquidity is poor, and wicks can easily spike; if Goldman’s statement is interpreted as inflation stubbornness, crypto sentiment may reverse. Take strict stop-losses.

—For reference only (personal opinion), not investment advice. Wishing you a successful trade. —