$UNITREE Up 17% in one 4h candle—would you still chase it?
UNITREE perpetuals are up 24.7% over 24 hours, currently at 94.77, with about 150 million U in trading volume.
It had been trading sideways around 76–77 for a while. Then a single 4-hour candle closed at 94.01, up from 80.06 (+17%), and it has stayed between 93 and 96 for the following 16 hours.
Meanwhile, a kung fu video featuring Unitree’s new H2-X robot is going viral on X. I’m not sure whether it’s directly related to the coin’s price. The funding rate is 0%, so neither longs nor shorts are crowded.
My plan:
Watch zone: 93.03–93.61 (the lows of the latest few 4-hour candles)
If it falls below 92.5, this thesis is invalidated
First target above: 95.92 (the high of this move), then 98.8 (projecting another range equal to the 93.03–95.92 range)
Do you think it’ll make another push after consolidating, or pull back and retrace some of its gains?
#TrendingPerpetuals
The above does not constitute investment advice
UNITREE perpetuals are up 24.7% over 24 hours, currently at 94.77, with about 150 million U in trading volume.
It had been trading sideways around 76–77 for a while. Then a single 4-hour candle closed at 94.01, up from 80.06 (+17%), and it has stayed between 93 and 96 for the following 16 hours.
Meanwhile, a kung fu video featuring Unitree’s new H2-X robot is going viral on X. I’m not sure whether it’s directly related to the coin’s price. The funding rate is 0%, so neither longs nor shorts are crowded.
My plan:
Watch zone: 93.03–93.61 (the lows of the latest few 4-hour candles)
If it falls below 92.5, this thesis is invalidated
First target above: 95.92 (the high of this move), then 98.8 (projecting another range equal to the 93.03–95.92 range)
Do you think it’ll make another push after consolidating, or pull back and retrace some of its gains?
#TrendingPerpetuals
The above does not constitute investment advice