UNI saw a capitulation event today—everyone who bought got buried. It swept both sides, and sentiment swung even harder than the price.
Price: 4.78, change: -16.59%. Intraday high: 5.79, low: 4.62. Trading volume: 63 million USDT, a clear increase; this was real-money turnover. It closed almost at the low, which often means a lower open the next day.
The current price is 22.8% below the 7-day moving average of 6.18, down 38.9% from the 30-day high of 7.82, and down 33.9% over the past 7 days. The chart hasn’t broken down, but it doesn’t look good either. 4.62 is the line in the sand for the past few days; if it holds, there’s still a chance.
The chart hasn’t reached a point where I’d feel comfortable entering yet. My approach is simple: wait until it gets back above the 7-day moving average before reconsidering.
When the market is hard to trade, doing less is a win.
(The above is purely my personal journal—not investment advice.)
#UNI #技术分析 #TradeReviewNotes
Price: 4.78, change: -16.59%. Intraday high: 5.79, low: 4.62. Trading volume: 63 million USDT, a clear increase; this was real-money turnover. It closed almost at the low, which often means a lower open the next day.
The current price is 22.8% below the 7-day moving average of 6.18, down 38.9% from the 30-day high of 7.82, and down 33.9% over the past 7 days. The chart hasn’t broken down, but it doesn’t look good either. 4.62 is the line in the sand for the past few days; if it holds, there’s still a chance.
The chart hasn’t reached a point where I’d feel comfortable entering yet. My approach is simple: wait until it gets back above the 7-day moving average before reconsidering.
When the market is hard to trade, doing less is a win.
(The above is purely my personal journal—not investment advice.)
#UNI #技术分析 #TradeReviewNotes