To be honest, with such high odds and some synchronized giveaways, this $UNITREE chart structure is getting more and more unsettling. After the price slid down from the high, every rebound has been weaker than the last, and volume has been shrinking layer by layer as well—this doesn’t look like a normal consolidation. If it really were a healthy rotation of hands, then when it pulls back, there should be buyers stepping in. But what we’re seeing is a series of progressively lighter buying pressure, while sell pressure stays posted above, weighing it down. With this kind of structure, the probability of breaking downward is clearly much higher. I’m watching how those rebound segments behave. Each time it tries to go up, it can’t reach the previous high; the highs keep moving lower, and the lows are also shifting downward—an unmistakably weak channel. Even more critical is the volume on the few candles during the decline: it’s noticeably higher than during the rebounds, which indicates the intent to distribute is stronger than the intent to hold and absorb.
With this volume-price alignment, the direction is basically written right on its face. Looking at the prior rally, it went up too fast and too sharply—there was hardly any proper rotation of positions in between. The chip structure is left “floating.” A floating structure fears one thing most: a fade in sentiment. Once there’s no support below, the pullback will be very decisive. As for how much of the market value is truly supported by real performance versus how much is built on sentiment—the market is already giving the answer on the chart. As for valuation and earnings structure issues in fundamentals, the market will eventually correct them through price. My view is: as long as the rebound can’t reclaim that key resistance level, the direction will still be downward.
From this position, betting on a rebound isn’t a good risk-reward tradeoff. The trapped-share crowd above is too dense, and each step upward means more sell pressure from people looking to get out. Conversely, if it effectively breaks below the consolidation base, the space to open downward will be deeper than what most people currently think. What needs to be done now isn’t rushing to buy the dip, but waiting for it to actually play out the direction. At this $UNITREE level, I’m inclined to continue watching for the pullback. The rebound is for trimming/reducing positions—not for chasing. Until the structure has been repaired, don’t let a couple of bullish candles fool you back.
Across the vastness of mountains and seas, observe the subtle movements of the market.
Walking together with Uncle Xiong, witness the wins and losses of the sky and earth.
#UNITREE
Click below to trade 👇
With this volume-price alignment, the direction is basically written right on its face. Looking at the prior rally, it went up too fast and too sharply—there was hardly any proper rotation of positions in between. The chip structure is left “floating.” A floating structure fears one thing most: a fade in sentiment. Once there’s no support below, the pullback will be very decisive. As for how much of the market value is truly supported by real performance versus how much is built on sentiment—the market is already giving the answer on the chart. As for valuation and earnings structure issues in fundamentals, the market will eventually correct them through price. My view is: as long as the rebound can’t reclaim that key resistance level, the direction will still be downward.
From this position, betting on a rebound isn’t a good risk-reward tradeoff. The trapped-share crowd above is too dense, and each step upward means more sell pressure from people looking to get out. Conversely, if it effectively breaks below the consolidation base, the space to open downward will be deeper than what most people currently think. What needs to be done now isn’t rushing to buy the dip, but waiting for it to actually play out the direction. At this $UNITREE level, I’m inclined to continue watching for the pullback. The rebound is for trimming/reducing positions—not for chasing. Until the structure has been repaired, don’t let a couple of bullish candles fool you back.
Across the vastness of mountains and seas, observe the subtle movements of the market.
Walking together with Uncle Xiong, witness the wins and losses of the sky and earth.
#UNITREE
Click below to trade 👇