UNI shook me out again, then I watched it take off. Let’s get the facts straight first.
Last time, I said to get in at 7.2 and stay away if it fell below 7.07. But on the morning of the 3rd, it plunged all the way to 6.83. As agreed, I had to get out, so that trade was a loss.
But it’s just like Bitcoin: when election season comes around, it suddenly changes its tune. Yesterday at noon it was still at 7.02; it started climbing in the evening, and by 7 a.m. this morning it had surged to 7.792—up more than 10% in a day. It blasted right through 7.39, a level it just couldn’t break before. It’s now pulled back to 7.62u.
This rally is being driven by the whole market. Bitcoin is back at 80k, Ethereum is up 8% in a day, and UNI got a lift from the wave. I haven’t seen any new UNI-specific news.
Big Bro’s take is cautiously bullish, but don’t chase it halfway up. 7.4 has turned from resistance into support. If it pulls back and holds there, you could consider getting in; the first level to watch is this morning’s 7.79. If it drops back below 7.2, this rally will have been for nothing, so stay away for now. #UNI $UNI
Last time, I said to get in at 7.2 and stay away if it fell below 7.07. But on the morning of the 3rd, it plunged all the way to 6.83. As agreed, I had to get out, so that trade was a loss.
But it’s just like Bitcoin: when election season comes around, it suddenly changes its tune. Yesterday at noon it was still at 7.02; it started climbing in the evening, and by 7 a.m. this morning it had surged to 7.792—up more than 10% in a day. It blasted right through 7.39, a level it just couldn’t break before. It’s now pulled back to 7.62u.
This rally is being driven by the whole market. Bitcoin is back at 80k, Ethereum is up 8% in a day, and UNI got a lift from the wave. I haven’t seen any new UNI-specific news.
Big Bro’s take is cautiously bullish, but don’t chase it halfway up. 7.4 has turned from resistance into support. If it pulls back and holds there, you could consider getting in; the first level to watch is this morning’s 7.79. If it drops back below 7.2, this rally will have been for nothing, so stay away for now. #UNI $UNI
