$UNI fell to around $7 today. People selling at a loss now, and people who only dare to buy after it climbs back up, may both end up feeling pretty bad.
I’m still bullish on UNI this time around.
After coming down from its previous highs, it’s already had a pretty substantial pullback. Whether it can find a short-term bottom really depends on big brother BTC, especially whether it can hold the $80,000 level.
If BTC stabilizes, coins like $UNI , which have taken a harder hit, could be among the first to see a recovery.
But if BTC really breaks below $80,000, don’t be stubborn: it’s entirely possible UNI could keep sliding into the $6 range, or even the $5 range.
But look at it another way:
If it really drops that far, that’s all the more reason to study it carefully, rather than just give in to fear.
I’ve always thought the hardest part of buying crypto isn’t the pullback. It’s being bullish on a project but not daring to act when it falls, then chasing it after it bounces by 10% or more and everyone in the market starts calling for a rally.
If you don’t add during a pullback, are you really going to wait until it’s surged before adding?
Of course, I’m not saying $7 is a rock-solid bottom, and I’m definitely not telling anyone to go all in blindly. Until BTC stabilizes, the risk is still there, so keep some positions and cash on hand.
But UNI is still on my shortlist of top picks to add to.
Real opportunities often aren’t about buying in and making money right away. They’re about being willing to research whether something is worth holding—and whether you can add to your position—when the market is at its most pessimistic!
Don’t wait until BTC bounces and UNI climbs back to $8 or even $9 before suddenly remembering you were bullish on it too.
Chasing it then will feel very different, both emotionally and in terms of your cost basis.
I’ll keep watching $UNI . The more things are like this, the more important it is to be clear about what you’re really waiting for.
#UNI #Uniswap #BTC #DeFi #ETH
I’m still bullish on UNI this time around.
After coming down from its previous highs, it’s already had a pretty substantial pullback. Whether it can find a short-term bottom really depends on big brother BTC, especially whether it can hold the $80,000 level.
If BTC stabilizes, coins like $UNI , which have taken a harder hit, could be among the first to see a recovery.
But if BTC really breaks below $80,000, don’t be stubborn: it’s entirely possible UNI could keep sliding into the $6 range, or even the $5 range.
But look at it another way:
If it really drops that far, that’s all the more reason to study it carefully, rather than just give in to fear.
I’ve always thought the hardest part of buying crypto isn’t the pullback. It’s being bullish on a project but not daring to act when it falls, then chasing it after it bounces by 10% or more and everyone in the market starts calling for a rally.
If you don’t add during a pullback, are you really going to wait until it’s surged before adding?
Of course, I’m not saying $7 is a rock-solid bottom, and I’m definitely not telling anyone to go all in blindly. Until BTC stabilizes, the risk is still there, so keep some positions and cash on hand.
But UNI is still on my shortlist of top picks to add to.
Real opportunities often aren’t about buying in and making money right away. They’re about being willing to research whether something is worth holding—and whether you can add to your position—when the market is at its most pessimistic!
Don’t wait until BTC bounces and UNI climbs back to $8 or even $9 before suddenly remembering you were bullish on it too.
Chasing it then will feel very different, both emotionally and in terms of your cost basis.
I’ll keep watching $UNI . The more things are like this, the more important it is to be clear about what you’re really waiting for.
#UNI #Uniswap #BTC #DeFi #ETH