UNI is up 20% today. Daily RSI at 84.7 — most overbought it's been in months. Here's why I'm still watching for longs 👇
🔥 The Picture Right Now:
UNI trading at $7.374 with massive $84.3M in volume. The 4H RSI sits at 76.6 (overbought but climbing), and MACD histogram is expanding (+0.072). Price is miles above both the 7-day ($6.27) and 25-day ($4.64) moving averages. Volume is 1.48x normal — buyers aren't fading this move.
📌 Why This Trade?
Momentum this strong doesn't reverse on a dime. Overbought can stay overbought for days when real money is flowing. But I'm not chasing — I'll wait for a dip back into the entry zone.
📋 Trade Plan:
Direction: LONG
Entry: $7.226 – $7.522
SL: $6.782 (below SMA7 support — if this breaks, momentum is dead)
TP1: $7.669
TP2: $7.964
TP3: $8.259
💬 Overbought on daily = time to take profit, or just the beginning? What's your UNI target?
#UNI #BinanceSquare #DYOR
⚠️ Not financial advice. Always DYOR and manage risk.
🔥 The Picture Right Now:
UNI trading at $7.374 with massive $84.3M in volume. The 4H RSI sits at 76.6 (overbought but climbing), and MACD histogram is expanding (+0.072). Price is miles above both the 7-day ($6.27) and 25-day ($4.64) moving averages. Volume is 1.48x normal — buyers aren't fading this move.
📌 Why This Trade?
Momentum this strong doesn't reverse on a dime. Overbought can stay overbought for days when real money is flowing. But I'm not chasing — I'll wait for a dip back into the entry zone.
📋 Trade Plan:
Direction: LONG
Entry: $7.226 – $7.522
SL: $6.782 (below SMA7 support — if this breaks, momentum is dead)
TP1: $7.669
TP2: $7.964
TP3: $8.259
💬 Overbought on daily = time to take profit, or just the beginning? What's your UNI target?
#UNI #BinanceSquare #DYOR
⚠️ Not financial advice. Always DYOR and manage risk.