🚨 UAI is still up 3.9% over 24 hours, yet plunged 8.0% in just one hour! It also fell 3.7% in five minutes—volatility is definitely back.
But here's the interesting part: trading volume surged to 11.2 times its previous level, while OI fell 3.9% to $8 million. Retail bullishness hit 5.8x, but sentiment is already starting to cool.
📊 What does this mean? Many people are afraid of missing out and jumping in, but the price hasn't followed through. Before the direction is confirmed, even getting the volatility call right may not make you money—you could even end up holding the bag.
🎯 There's no reliable key price level for now, so watch to see whether the next one-hour candle confirms the direction.
My take: volatility leans bullish, but the direction is still uncertain. Definitely don't chase blindly! I'll only consider a continued rebound if the one-hour candle turns stronger again. If weakness continues, watch out for a long squeeze.
Do you think UAI will stabilize and rebound next, or keep falling to find support? 👇
But here's the interesting part: trading volume surged to 11.2 times its previous level, while OI fell 3.9% to $8 million. Retail bullishness hit 5.8x, but sentiment is already starting to cool.
📊 What does this mean? Many people are afraid of missing out and jumping in, but the price hasn't followed through. Before the direction is confirmed, even getting the volatility call right may not make you money—you could even end up holding the bag.
🎯 There's no reliable key price level for now, so watch to see whether the next one-hour candle confirms the direction.
My take: volatility leans bullish, but the direction is still uncertain. Definitely don't chase blindly! I'll only consider a continued rebound if the one-hour candle turns stronger again. If weakness continues, watch out for a long squeeze.
Do you think UAI will stabilize and rebound next, or keep falling to find support? 👇