A 7.1% single-day drop is already a pretty full-blown bout of sentiment-driven selling for a major DeFi blue chip. UNI is currently at 6.50, the biggest loser across the board, but the 6.20–6.30 area is a dense support zone that was tested repeatedly before. The price has plunged to this area without breaking below it—that’s a case of falling in price without breaking support.
Place two batches of long orders between 6.35 and 6.50, with a stop-loss at 6.05 (leaving a little room below the previous low) and a take-profit target of 7.10–7.20, around the halfway point of this drop. Keep this position under 15% of your total portfolio. A sharp drop doesn’t necessarily mean a deep one—the key is whether buying volume is there to support the price.
When you trade a sharp dip-and-rebound like this, do you usually day-trade it or hold for a swing? $UNI
Place two batches of long orders between 6.35 and 6.50, with a stop-loss at 6.05 (leaving a little room below the previous low) and a take-profit target of 7.10–7.20, around the halfway point of this drop. Keep this position under 15% of your total portfolio. A sharp drop doesn’t necessarily mean a deep one—the key is whether buying volume is there to support the price.
When you trade a sharp dip-and-rebound like this, do you usually day-trade it or hold for a swing? $UNI