$UNI I’m bullish on this move, and the reason lies in positioning and key price levels, not in a single candlestick.
Current price: 6.64. Four-hour cumulative change: +0.26%; past hour: +0.12%; 1-hour positions: +0.34%. Within 0.25%, sell-side depth is 44.5% higher.
The bullish confirmation line is 6.768; only a close above it can extend the move. If 6.502 is lost, this round of bullish conviction is invalidated. Order book changes can accelerate the move, but they cannot replace a full close.
Current price: 6.64. Four-hour cumulative change: +0.26%; past hour: +0.12%; 1-hour positions: +0.34%. Within 0.25%, sell-side depth is 44.5% higher.
The bullish confirmation line is 6.768; only a close above it can extend the move. If 6.502 is lost, this round of bullish conviction is invalidated. Order book changes can accelerate the move, but they cannot replace a full close.