$UNI: a rebound to resistance could trigger another move down
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We’re looking for the decline to continue after a recovery toward the upper zones. On the four-hour chart, the structure remains weak, and the range contraction has yet to show a clear advantage for buyers.
There are areas above where sellers previously emerged. Another reason for the bearish outlook is the cluster of nearby lows below the price: a test of these levels could be the next target for the move.
Areas of interest for evaluating short entries:
• 7.13–7.55 USDT;
• 7.78–8.03 — if the rebound is stronger.
We’ll watch how the price behaves in these areas. For an entry, the rise itself is not what matters; it’s the inability to hold above resistance and a confirmed reversal downward.
The nearest downside levels are 6.25, followed by the 6.01–6.05 area. The latter remains important support: if buyers hold it, the decline could come to a halt.
Only a sustained break below this area would make a deeper scenario toward 4.25–3.23 on the higher timeframes viable. We don’t consider this distant zone an inevitable near-term target.
A four-hour candle closing above 8.15 would require us to reassess the short plan.
#UNI #BTC #HYPE
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We’re looking for the decline to continue after a recovery toward the upper zones. On the four-hour chart, the structure remains weak, and the range contraction has yet to show a clear advantage for buyers.
There are areas above where sellers previously emerged. Another reason for the bearish outlook is the cluster of nearby lows below the price: a test of these levels could be the next target for the move.
Areas of interest for evaluating short entries:
• 7.13–7.55 USDT;
• 7.78–8.03 — if the rebound is stronger.
We’ll watch how the price behaves in these areas. For an entry, the rise itself is not what matters; it’s the inability to hold above resistance and a confirmed reversal downward.
The nearest downside levels are 6.25, followed by the 6.01–6.05 area. The latter remains important support: if buyers hold it, the decline could come to a halt.
Only a sustained break below this area would make a deeper scenario toward 4.25–3.23 on the higher timeframes viable. We don’t consider this distant zone an inevitable near-term target.
A four-hour candle closing above 8.15 would require us to reassess the short plan.
#UNI #BTC #HYPE