$UNI: Open Interest Drops Rapidly: Long Squeeze Underway
SHORT SETUP UNI
Entry: $8.8870 - $8.9000
Stop Loss: $8.5760
Take Profit: $8.2585 (2R)
Key Levels: Support $8.8410 | Resistance $9.0690
Technical Analysis for $UNI: UNI is below all shortterm EMAs and the 200EMA, with a negative MACD and an RSI near 40, indicating a weak trend. The price sits close to the lower Bollinger band and a 1H support at 8.841. A pullback to this support could signal a short trade. Watch for a rebound that would trigger the stoploss around 8.58.
Market Context: BTC is in a 4hour bullish trend but has a slight 24hour decline, suggesting a mixed market environment.
SHORT $UNI
SHORT SETUP UNI
Entry: $8.8870 - $8.9000
Stop Loss: $8.5760
Take Profit: $8.2585 (2R)
Key Levels: Support $8.8410 | Resistance $9.0690
Technical Analysis for $UNI: UNI is below all shortterm EMAs and the 200EMA, with a negative MACD and an RSI near 40, indicating a weak trend. The price sits close to the lower Bollinger band and a 1H support at 8.841. A pullback to this support could signal a short trade. Watch for a rebound that would trigger the stoploss around 8.58.
Market Context: BTC is in a 4hour bullish trend but has a slight 24hour decline, suggesting a mixed market environment.
SHORT $UNI
