$UNI dropped from $10.94 back to around $9
My long-awaited pullback has arrived!
$UNI reached a high of $10.94 yesterday, then returned to around $9. Within a single day, it broke above $10 and then rapidly pulled back—chasing buyers must be feeling awful. But for those who didn’t get in earlier, now is a good time to reassess entry points.
The CME plans to launch UNI futures on October 19, though it still requires regulatory review. This news won’t make the price go only up, but it does give institutional UNI traders a potential new channel.
My previous UNI target was $11, and I haven’t changed it. Around $9, we’ll first watch to see whether it can stop falling. Staggered entries here are more suitable than chasing when it’s above $10. If it manages to reclaim $10, then we’ll see whether it can challenge $10.94 again.
My long-awaited pullback has arrived!
$UNI reached a high of $10.94 yesterday, then returned to around $9. Within a single day, it broke above $10 and then rapidly pulled back—chasing buyers must be feeling awful. But for those who didn’t get in earlier, now is a good time to reassess entry points.
The CME plans to launch UNI futures on October 19, though it still requires regulatory review. This news won’t make the price go only up, but it does give institutional UNI traders a potential new channel.
My previous UNI target was $11, and I haven’t changed it. Around $9, we’ll first watch to see whether it can stop falling. Staggered entries here are more suitable than chasing when it’s above $10. If it manages to reclaim $10, then we’ll see whether it can challenge $10.94 again.