No need to look at UNI anymore: the best ask is 1.5 times the best bid, the depth ratio is below 0.659, spot has seen net outflows of 21 million for three straight hours, and not one of the last twelve candles was bullish. The supposed buying support is just for show; every bounce is an opportunity to distribute. On the futures side, aggressive sell orders account for 57%, and open interest is down 17% in a day—longs are fleeing faster than anyone. Short at the current price of 7.338; add on a bounce to 7.45. First target: 6.983; if that breaks, look to 6.70. Stop out if it gets above 8.02. Capital is fleeing—don't fool yourself with faith.