đ $UNI
SHORT SETUP đ
UNI fell from $9.243 down to $6.983, then bounced into a slow recovery that peaked near $7.95 and has been rolling over since. Price has slipped back under the 25 MA and is now sitting on the 99 MA after a string of red candles. Iâm watching for a short on a bounce back into the MA cluster above, not chasing the current candle. đ
Entry: $7.640 â $7.700
TP1: $7.520
TP2: $7.380
TP3: $7.180
SL: $7.790
đ» Why UNI is on watch:
Price ($7.539) has dropped below the 7 MA ($7.716) and the 25 MA ($7.645), and the 7 MA is turning down. The $7.640 to $7.720 zone now acts as overhead resistance. The bounce topped out near $7.95 and failed, leaving a lower high against the $9.243 peak. The bigger structure is still a downtrend. The 99 MA ($7.516) has flattened out, and price is right on top of it. A clean 1H close below $7.500 would show sellers taking control. The last candles are red on thin volume, but the bounce itself came on weak volume compared with the big sell-off candle near $6.983, which suggests buyers lack conviction. Downside targets are the $7.350 to $7.400 area where the last range held, then the $6.983 swing low as the bigger magnet.
â ïž Price is already hugging the 99 MA, so a bounce is possible. If it pushes through $7.790 and holds above the MAs, the setup is invalid. Donât chase if price doesnât reach the entry zone, and respect the stop.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
SHORT SETUP đ
UNI fell from $9.243 down to $6.983, then bounced into a slow recovery that peaked near $7.95 and has been rolling over since. Price has slipped back under the 25 MA and is now sitting on the 99 MA after a string of red candles. Iâm watching for a short on a bounce back into the MA cluster above, not chasing the current candle. đ
Entry: $7.640 â $7.700
TP1: $7.520
TP2: $7.380
TP3: $7.180
SL: $7.790
đ» Why UNI is on watch:
Price ($7.539) has dropped below the 7 MA ($7.716) and the 25 MA ($7.645), and the 7 MA is turning down. The $7.640 to $7.720 zone now acts as overhead resistance. The bounce topped out near $7.95 and failed, leaving a lower high against the $9.243 peak. The bigger structure is still a downtrend. The 99 MA ($7.516) has flattened out, and price is right on top of it. A clean 1H close below $7.500 would show sellers taking control. The last candles are red on thin volume, but the bounce itself came on weak volume compared with the big sell-off candle near $6.983, which suggests buyers lack conviction. Downside targets are the $7.350 to $7.400 area where the last range held, then the $6.983 swing low as the bigger magnet.
â ïž Price is already hugging the 99 MA, so a bounce is possible. If it pushes through $7.790 and holds above the MAs, the setup is invalid. Donât chase if price doesnât reach the entry zone, and respect the stop.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!