$UNI 1H: Someone stepped in after the flash crash.
The price plunged rapidly to around 6.15, then rebounded on high volume with a long lower wick, returning to around 6.70.
Technically, this looks more like “a liquidity void being half-filled” than a smooth grind lower.
DeFi blue chips are often among the first assets sold off to raise cash on days of systemic risk. Next, the question is whether this rebound can turn into a range—or whether there’ll be a second leg down.
Do you think this long lower wick signals buying, or is it just short covering?
$UNI
The price plunged rapidly to around 6.15, then rebounded on high volume with a long lower wick, returning to around 6.70.
Technically, this looks more like “a liquidity void being half-filled” than a smooth grind lower.
DeFi blue chips are often among the first assets sold off to raise cash on days of systemic risk. Next, the question is whether this rebound can turn into a range—or whether there’ll be a second leg down.
Do you think this long lower wick signals buying, or is it just short covering?
$UNI
