UNI is looking interesting over the past 15 minutes. The price is down 0.75%, which isn’t much, but volume has surged to 6.32x, aggressive trade delta is -8.4%, and the buy/sell ratio is 0.84—that’s selling pressure hitting hard.
What’s more worth watching is OI: up 0.60% over 15m and 0.88% over 1h, while notional is negative in both periods. In other words, new leverage is entering as the price moves down, and it’s skewed bearish. The close also broke below the low of the last 20 five-minute candles. This kind of setup usually doesn’t end in just one move.
Funding is still in the upper range of its recent readings. If shorts add to their positions here, they should watch out for a sharp reversal wick. I’ll sit this one out and wait for a confirmed bounce before making a move.
What’s more worth watching is OI: up 0.60% over 15m and 0.88% over 1h, while notional is negative in both periods. In other words, new leverage is entering as the price moves down, and it’s skewed bearish. The close also broke below the low of the last 20 five-minute candles. This kind of setup usually doesn’t end in just one move.
Funding is still in the upper range of its recent readings. If shorts add to their positions here, they should watch out for a sharp reversal wick. I’ll sit this one out and wait for a confirmed bounce before making a move.
