Insider Jun. For today’s big green candle, I’m only paying attention to the money flows.
Here’s the conclusion first: $UNI the structure is leaning bearish, but it’s not confirmed yet, so I wouldn’t bet on a direction at this level. I’ll turn bearish if it breaks below 7.493, and bullish if it moves above 7.587.
Up 8.28% in 24 hours, with $307 million in trading volume. The price is now 7.543, just 1.4% below the 24-hour high. Volume has picked up, but the taker buy/sell ratio is 0.864, with taker sells dominating. The short-term outlook is weak, but it’s not confirmed yet—the volume behind the rise doesn’t show buyers being particularly aggressive.
The whale long/short ratio is 1.85, indicating strong disagreement between bulls and bears. I wouldn’t bet in either direction here. Long accounts make up 64.9%. The funding rate is positive at 7.258e-05, so longs are paying, which suggests they’re a bit crowded. But the reading is low, so I’m disregarding it.
What really makes me hold back is the price level. 7.587 is right overhead; the structure only flips once we get above it. 7.493 is the floor—if it breaks, I’ll admit I was wrong. The direction is still unclear in between.
One more thing: my last post was at 8.765, and it’s now 7.543, down 13.94% since then. That’s separate from the 24-hour gain of +8.28%—don’t confuse the two. Do you hold this coin? What’s your entry price? Let’s talk in the comments.
Whether I’m right or wrong, it’s all here for you to check anytime.
— Insider Notes · Post #2 today. If I’m wrong, I’ll own it in the next one.
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