$UNITREE was listed on day one and surged then fell back. There’s still pressure in the short term 🔥
$UNITREE, a project that has ventured into crypto from a US-listed tech concept, saw a gap up followed by a fade after it went live yesterday. The price kept dropping, and market sentiment clearly didn’t meet expectations.
The team behind it, Unitree Technology, shouldn’t be unfamiliar to everyone—the most popular product is the robot dogs.
But Haitang believes that the current hype around $UNITREE is mostly driven by concept speculation. The market’s expectations are relatively high, and similar to some earlier trending concept coins, a lot of the imagined upside has already been priced in in the short term.
Judging by actual revenue and valuation, the current market price appears to be somewhat over-discounted. In the short term, profit-taking pressure is also quite obvious.
Looking at on-chain data, large funds have already started positioning short orders at higher levels, suggesting that some players are beginning to see a pullback opportunity.
Of course, since this is a strong new coin that just launched, volatility will be very high. In the short term, a rebound and correction isn’t out of the question.
So in terms of strategy, Haitang’s bias leans toward shorting the rebound:
For the more conservative, wait for the rebound toward 110 and watch for short opportunities;
For the more aggressive, you can watch for short-term chances around 102.
The initial target is around 80. Control your position size—don’t let the huge swings of a new coin throw off your rhythm 😎
$SPCX $ETH #日本6月减持264亿美元美债 #比特币时隔三月重返6.9万美元 #美政府商讨扩大比特币持仓
$UNITREE, a project that has ventured into crypto from a US-listed tech concept, saw a gap up followed by a fade after it went live yesterday. The price kept dropping, and market sentiment clearly didn’t meet expectations.
The team behind it, Unitree Technology, shouldn’t be unfamiliar to everyone—the most popular product is the robot dogs.
But Haitang believes that the current hype around $UNITREE is mostly driven by concept speculation. The market’s expectations are relatively high, and similar to some earlier trending concept coins, a lot of the imagined upside has already been priced in in the short term.
Judging by actual revenue and valuation, the current market price appears to be somewhat over-discounted. In the short term, profit-taking pressure is also quite obvious.
Looking at on-chain data, large funds have already started positioning short orders at higher levels, suggesting that some players are beginning to see a pullback opportunity.
Of course, since this is a strong new coin that just launched, volatility will be very high. In the short term, a rebound and correction isn’t out of the question.
So in terms of strategy, Haitang’s bias leans toward shorting the rebound:
For the more conservative, wait for the rebound toward 110 and watch for short opportunities;
For the more aggressive, you can watch for short-term chances around 102.
The initial target is around 80. Control your position size—don’t let the huge swings of a new coin throw off your rhythm 😎
$SPCX $ETH #日本6月减持264亿美元美债 #比特币时隔三月重返6.9万美元 #美政府商讨扩大比特币持仓