🚨 $UNI’S RECOVERY HASN’T REPAIRED ITS H1 STRUCTURE. I’M WAITING FOR A BOUNCE TO FAIL.
UNIUSDT Futures closed its latest H1 candle at $8.892 (6 Oct, 12:59 UTC).
Three reasons sellers have the edge:
1️⃣ An H1 close at $8.830 confirmed bearish CHoCH below $8.832.
2️⃣ A push above the $9.149 range ceiling reached $9.168, then closed back inside; the subsequent decline lost $8.930 support.
3️⃣ The CHoCH candle carried 1.36× the previous 20-hour average volume. The two preceding recovery candles recorded only 0.70× and 0.65×.
Wyckoff: potential distribution with candidate UTAD and developing SOW/LPSY evidence, not guaranteed markdown. SMC: bearish structure remains; the latest bounce peaked at $8.926 below the lost range floor. No fresh unfilled FVG is detected.
🔴 BEARISH BIAS — NO ENTRY YET
Conditional SHORT:
Trigger: H1 close below $8.832 — previously confirmed.
Entry watch zone: $9.050–$9.100, the earlier upper-range rejection area.
Require a fresh failed retest and closed H1 rejection. A touch alone is insufficient.
SL: $9.195, above the $9.183 swing high.
TP1: $8.832, the broken swing level.
TP2: $8.745, the latest swing low.
At the $9.075 entry midpoint, theoretical R:R is 2.03:1 to TP1 and 2.75:1 to TP2, before fees and slippage.
Price has reclaimed $8.832 and remains below entry. That bounce is a reason to wait for fresh rejection, not an immediate Short signal. No qualifying retest exists at the planned zone now.
An H1 close above $9.183 invalidates this bearish retest thesis.
No early entry. No Shorting into nearby support. If the retest never comes, skip it.
Will sellers defend $9.050–$9.100 when UNI bounces back? 👇
$UNI #Wyckoff #SMC
Paper analysis only. Not financial advice.
UNIUSDT Futures closed its latest H1 candle at $8.892 (6 Oct, 12:59 UTC).
Three reasons sellers have the edge:
1️⃣ An H1 close at $8.830 confirmed bearish CHoCH below $8.832.
2️⃣ A push above the $9.149 range ceiling reached $9.168, then closed back inside; the subsequent decline lost $8.930 support.
3️⃣ The CHoCH candle carried 1.36× the previous 20-hour average volume. The two preceding recovery candles recorded only 0.70× and 0.65×.
Wyckoff: potential distribution with candidate UTAD and developing SOW/LPSY evidence, not guaranteed markdown. SMC: bearish structure remains; the latest bounce peaked at $8.926 below the lost range floor. No fresh unfilled FVG is detected.
🔴 BEARISH BIAS — NO ENTRY YET
Conditional SHORT:
Trigger: H1 close below $8.832 — previously confirmed.
Entry watch zone: $9.050–$9.100, the earlier upper-range rejection area.
Require a fresh failed retest and closed H1 rejection. A touch alone is insufficient.
SL: $9.195, above the $9.183 swing high.
TP1: $8.832, the broken swing level.
TP2: $8.745, the latest swing low.
At the $9.075 entry midpoint, theoretical R:R is 2.03:1 to TP1 and 2.75:1 to TP2, before fees and slippage.
Price has reclaimed $8.832 and remains below entry. That bounce is a reason to wait for fresh rejection, not an immediate Short signal. No qualifying retest exists at the planned zone now.
An H1 close above $9.183 invalidates this bearish retest thesis.
No early entry. No Shorting into nearby support. If the retest never comes, skip it.
Will sellers defend $9.050–$9.100 when UNI bounces back? 👇
$UNI #Wyckoff #SMC
Paper analysis only. Not financial advice.
