This UNI rebound is just a smokescreen for taking profits at higher levels—the four-hour chart calls it bounbing, but the direction is down, with taker flows using the bounce to distribute. Up for a day, down for a week; the rebound is nowhere near a fraction as strong as the drop. This isn’t a recovery—it’s a trap to get people to take the other side. Sell orders are weighing on buy orders in the order book, and that tiny spark of aggressive buying is nowhere near enough. If it can’t hold the lows, this market will have to go back and look for support.
