This wave perfectly hit on $UNI
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币资讯
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This wave really hit the mark—got it precisely 🤏🏻
The next wave, you can let it pass.
UNI’s rally this time was indeed fierce. It surged straight to the 9.52 peak, then started to pull back, and is now consolidating around 9.26. On the daily chart, it looks like a strong bullish candle in the short term, with volume clearly expanding and very evident signs of funds moving in. However, after a series of big gains in the short term, the bulls’ momentum has already been fairly depleted, and there’s heavy overhead selling pressure.
I’m bearish on my side. After pushing higher, it didn’t manage to hold the highs, which suggests that a lot of the capital is taking profits at high levels. The short-term bull momentum has weakened; we’re now in the phase of a rise followed by a pullback. The resistance level is around 9.5. As long as it can’t reclaim and hold above this level, it’s very likely to retrace. You can wait for a rebound back toward the 9.4–9.5 zone to open a short, set the stop-loss above 9.6, and the first target is around 8.7.
Now don’t chase longs. This move has been too big. If the capital withdraws, the pullback could be sharp—don’t stand at the high end trying to catch the falling knife. $UNI
The next wave, you can let it pass.
UNI’s rally this time was indeed fierce. It surged straight to the 9.52 peak, then started to pull back, and is now consolidating around 9.26. On the daily chart, it looks like a strong bullish candle in the short term, with volume clearly expanding and very evident signs of funds moving in. However, after a series of big gains in the short term, the bulls’ momentum has already been fairly depleted, and there’s heavy overhead selling pressure.
I’m bearish on my side. After pushing higher, it didn’t manage to hold the highs, which suggests that a lot of the capital is taking profits at high levels. The short-term bull momentum has weakened; we’re now in the phase of a rise followed by a pullback. The resistance level is around 9.5. As long as it can’t reclaim and hold above this level, it’s very likely to retrace. You can wait for a rebound back toward the 9.4–9.5 zone to open a short, set the stop-loss above 9.6, and the first target is around 8.7.
Now don’t chase longs. This move has been too big. If the capital withdraws, the pullback could be sharp—don’t stand at the high end trying to catch the falling knife. $UNI