$UNI: Prepares for Breakdown: Downside Risk Escalates
SHORT SETUP UNI
Entry: $7.0520 - $7.0920
Stop Loss: $7.3420
Take Profit: $6.5320 (2R)
Key Levels: Support $7.0520 | Resistance $7.3420
Technical Analysis for $UNI: Short bias: price sits below EMA9, EMA21, EMA50 and EMA200, MACD histogram is negative, and RSI at 31 with Stochastic K at 9 shows oversold conditions but momentum remains bearish. ADX at 23 indicates a defined trend, and the order book shows a 41% bidside imbalance supporting downside. Immediate resistance is around 7.13, support near 7.12.
Market Context: BTC is down 1.5% on the 4hour chart, with mixed trend signals and a broadly negative market breadth of 88.9% red. Overall
SHORT $UNI
SHORT SETUP UNI
Entry: $7.0520 - $7.0920
Stop Loss: $7.3420
Take Profit: $6.5320 (2R)
Key Levels: Support $7.0520 | Resistance $7.3420
Technical Analysis for $UNI: Short bias: price sits below EMA9, EMA21, EMA50 and EMA200, MACD histogram is negative, and RSI at 31 with Stochastic K at 9 shows oversold conditions but momentum remains bearish. ADX at 23 indicates a defined trend, and the order book shows a 41% bidside imbalance supporting downside. Immediate resistance is around 7.13, support near 7.12.
Market Context: BTC is down 1.5% on the 4hour chart, with mixed trend signals and a broadly negative market breadth of 88.9% red. Overall
SHORT $UNI