🚀 $UNI
SHORT SETUP 🚀
UNI sold off hard from the $9.370 area down to $6.983, then bounced and ran back up into its falling 99 MA, where it has stalled and is now rolling over with a string of small red candles. I’m watching for a short on a push back into the resistance zone, not chasing the current candle. 📉
Entry: $7.560 – $7.600
TP1: $7.450
TP2: $7.350
TP3: $7.200
SL: $7.680
🔻 Why UNI is on watch:
Price ($7.495) is sitting just under the 7 MA ($7.546), the 25 MA ($7.555) and the 99 MA ($7.558), with all three bunched overhead and the 99 MA sloping down since the drop from $9.370 The structure shows lower highs since the $9.370 peak, and the recent recovery from $6.983 stalled right at the 99 MA, so the bounce looks corrective inside a downtrend The last candles are small and red on thin volume, a sign buyers are running out of steam at resistance The $7.400 to $7.430 area is the first support, with the $6.983 low far below it. A 1H close under $7.400 would confirm sellers are taking over
⚠️ The MAs are tightly compressed, so a clean break above $7.600 would invalidate the setup. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
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SHORT SETUP 🚀
UNI sold off hard from the $9.370 area down to $6.983, then bounced and ran back up into its falling 99 MA, where it has stalled and is now rolling over with a string of small red candles. I’m watching for a short on a push back into the resistance zone, not chasing the current candle. 📉
Entry: $7.560 – $7.600
TP1: $7.450
TP2: $7.350
TP3: $7.200
SL: $7.680
🔻 Why UNI is on watch:
Price ($7.495) is sitting just under the 7 MA ($7.546), the 25 MA ($7.555) and the 99 MA ($7.558), with all three bunched overhead and the 99 MA sloping down since the drop from $9.370 The structure shows lower highs since the $9.370 peak, and the recent recovery from $6.983 stalled right at the 99 MA, so the bounce looks corrective inside a downtrend The last candles are small and red on thin volume, a sign buyers are running out of steam at resistance The $7.400 to $7.430 area is the first support, with the $6.983 low far below it. A 1H close under $7.400 would confirm sellers are taking over
⚠️ The MAs are tightly compressed, so a clean break above $7.600 would invalidate the setup. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!