UNI saw a sell-off today, and everyone who bought in got trapped.
Let’s start with the numbers: volume was about the same as the previous few days, with normal turnover. The intraday high was 6.68, the low was 6.08, and the current price is 6.09, down 5.78% over 24 hours.
The current price is 9.0% below the 7-day moving average of 6.70, and 22.1% below the 30-day high of 7.82. The key question is whether 6.08 can hold. If it does, that’s support; if not, there’s a gap below.
Trying to catch a rebound in a weak market doesn’t offer great odds. The moving averages are still overhead, so I’m not chasing a bounce.
Let’s talk in the comments.
(Just my own observations, not advice.)
#UNI #交易日记 #ContractTrading
Let’s start with the numbers: volume was about the same as the previous few days, with normal turnover. The intraday high was 6.68, the low was 6.08, and the current price is 6.09, down 5.78% over 24 hours.
The current price is 9.0% below the 7-day moving average of 6.70, and 22.1% below the 30-day high of 7.82. The key question is whether 6.08 can hold. If it does, that’s support; if not, there’s a gap below.
Trying to catch a rebound in a weak market doesn’t offer great odds. The moving averages are still overhead, so I’m not chasing a bounce.
Let’s talk in the comments.
(Just my own observations, not advice.)
#UNI #交易日记 #ContractTrading