It’s $UNI again—the name that makes how many traders scratch their heads and wrestle with uncertainty on days when the market is bustling like waves at sea. Look at the price of $4.22—many people are running scared—but seasoned traders see this as the moment to stay calm and observe, instead of letting emotions take control.
The market is playing a mind game, and here’s what I can see from the chart:
🔹 Technical analysis:
- On the 15-minute timeframe, price is currently below the MA(20) line at $4.26 and the EMA(9) at $4.22. This suggests that short-term selling pressure is still present—the BEARS are temporarily in control.
- On the 1-hour timeframe, the MA(20) at $4.27 and the EMA(9) at $4.25 are forming a fairly solid resistance zone right overhead. Every time price lightly touches this area, it gets pushed down again—indicating that the LONG side doesn’t yet have enough strength to break out strongly.
🎯 Personal take:
Right now, $UNI is getting stuck in a tight range. If we can’t hold the support zone around $4.20, there’s a high chance we’ll see a deeper correction to sweep liquidity before a recovery can happen. I’m not telling you to catch a falling knife—wait for clearer confirmation signals from the buying side.
📌 My own trading setup:
- Position: LONG
- Entry: $4.15 – $4.18 (Wait for a retest of the old support zone)
- TP: $4.35 – $4.45
- SL: $4.08 (Decisively exit if this level breaks)
I chose this scenario because I expect a technical rebound after several consecutive down sessions. If it doesn’t go in the expected direction, I’ll close the position immediately instead of holding on.
And you—at the current price, are you choosing to stay on the sidelines and observe, or have you started allocating funds to hold a position?
#Crypto #Trading #Altcoins
Note: This is my personal perspective, not investment advice. Trading always involves risk (DYOR).
The market is playing a mind game, and here’s what I can see from the chart:
🔹 Technical analysis:
- On the 15-minute timeframe, price is currently below the MA(20) line at $4.26 and the EMA(9) at $4.22. This suggests that short-term selling pressure is still present—the BEARS are temporarily in control.
- On the 1-hour timeframe, the MA(20) at $4.27 and the EMA(9) at $4.25 are forming a fairly solid resistance zone right overhead. Every time price lightly touches this area, it gets pushed down again—indicating that the LONG side doesn’t yet have enough strength to break out strongly.
🎯 Personal take:
Right now, $UNI is getting stuck in a tight range. If we can’t hold the support zone around $4.20, there’s a high chance we’ll see a deeper correction to sweep liquidity before a recovery can happen. I’m not telling you to catch a falling knife—wait for clearer confirmation signals from the buying side.
📌 My own trading setup:
- Position: LONG
- Entry: $4.15 – $4.18 (Wait for a retest of the old support zone)
- TP: $4.35 – $4.45
- SL: $4.08 (Decisively exit if this level breaks)
I chose this scenario because I expect a technical rebound after several consecutive down sessions. If it doesn’t go in the expected direction, I’ll close the position immediately instead of holding on.
And you—at the current price, are you choosing to stay on the sidelines and observe, or have you started allocating funds to hold a position?
#Crypto #Trading #Altcoins
Note: This is my personal perspective, not investment advice. Trading always involves risk (DYOR).