$UNI
UNI is currently in a weak structure—over the past 24h it’s down 4.03%, and over the past 4h it’s fallen even harder by 3.93%. The current price is 4.429, sitting between support at 4.355 and resistance at 4.629, forming a consolidating-to-downtrend posture.
My plan:
- Entry: At the 1h timeframe, if price is rejected at the 4.629 resistance level (long upper wick or a red candle engulfing), I’ll scale into short positions
- Targets: First watch 4.355 support; if it breaks, then look to the next level down
- Invalidation: If the 1h closes above 4.629, I’ll immediately exit the short
Chasing shorts from here isn’t worth it—wait for a rebound toward the upper boundary before considering it.
#DeFi
Will you short after it rebounds up to 4.629, or wait for a breakdown below 4.355 before entering?
UNI is currently in a weak structure—over the past 24h it’s down 4.03%, and over the past 4h it’s fallen even harder by 3.93%. The current price is 4.429, sitting between support at 4.355 and resistance at 4.629, forming a consolidating-to-downtrend posture.
My plan:
- Entry: At the 1h timeframe, if price is rejected at the 4.629 resistance level (long upper wick or a red candle engulfing), I’ll scale into short positions
- Targets: First watch 4.355 support; if it breaks, then look to the next level down
- Invalidation: If the 1h closes above 4.629, I’ll immediately exit the short
Chasing shorts from here isn’t worth it—wait for a rebound toward the upper boundary before considering it.
#DeFi
Will you short after it rebounds up to 4.629, or wait for a breakdown below 4.355 before entering?
