Today this market layout is pretty interesting.
Most coins are down, and overall market sentiment is clearly not as good—but $UNI actually managed to rise slightly against the trend, by about 1%.
In situations like this, you shouldn’t chase those coins that suddenly pump up.
Because what’s really worth watching is sometimes this kind of thing: when the broader market is weak, it just won’t move down.
A few days ago, when UNI pulled back from above $9, many people’s first reaction was: it’s already up, so it must be going to drop.
But looking at it now, $UNI has slowly moved back into the $8–9 range.
Even more interesting, since the end of September, on-chain data shows that during the UNI retracement, some large holders have continued adding to their positions.
So when I look at UNI now, it’s not that I’m saying it’s so great just because it’s up 1% today.
What I care more about is: when the market starts heading downward, has UNI been directly abandoned and dumped by capital?
So far, it hasn’t!
And this kind of chart setup is the easiest to produce one scenario:
Everyone feels like it’s not very interesting, yet money is quietly picking it up little by little from below.
Then, when one day the whole market turns strong again, and UNI suddenly starts expanding volume, many people’s first reaction will be: “Damn it, why did it pump again?”
So right now, $UNI in the high-$8 range is a very cost-effective price.
You don’t necessarily have to chase it—if it keeps pulling back and gives you a better entry, I’ll add.
The more deserted and quiet the market looks, the more worth researching it becomes.
Don’t wait until UNI regains $10 before suddenly remembering it!
#UNI #Uniswap #DeFi #ETH #Crypto
Most coins are down, and overall market sentiment is clearly not as good—but $UNI actually managed to rise slightly against the trend, by about 1%.
In situations like this, you shouldn’t chase those coins that suddenly pump up.
Because what’s really worth watching is sometimes this kind of thing: when the broader market is weak, it just won’t move down.
A few days ago, when UNI pulled back from above $9, many people’s first reaction was: it’s already up, so it must be going to drop.
But looking at it now, $UNI has slowly moved back into the $8–9 range.
Even more interesting, since the end of September, on-chain data shows that during the UNI retracement, some large holders have continued adding to their positions.
So when I look at UNI now, it’s not that I’m saying it’s so great just because it’s up 1% today.
What I care more about is: when the market starts heading downward, has UNI been directly abandoned and dumped by capital?
So far, it hasn’t!
And this kind of chart setup is the easiest to produce one scenario:
Everyone feels like it’s not very interesting, yet money is quietly picking it up little by little from below.
Then, when one day the whole market turns strong again, and UNI suddenly starts expanding volume, many people’s first reaction will be: “Damn it, why did it pump again?”
So right now, $UNI in the high-$8 range is a very cost-effective price.
You don’t necessarily have to chase it—if it keeps pulling back and gives you a better entry, I’ll add.
The more deserted and quiet the market looks, the more worth researching it becomes.
Don’t wait until UNI regains $10 before suddenly remembering it!
#UNI #Uniswap #DeFi #ETH #Crypto