UNI just dumped 11.2% while everyone was watching BTC. Here's why this isn't a buy-the-dip moment yet 🧵
UNI is trading at $6.10 after a brutal sell-off. The 4H RSI sits at 33.9 — bearish but not yet screaming oversold. MACD histogram is still bleeding red at -0.02, meaning downside momentum hasn't exhausted itself.
Price is below both SMA7 ($6.41) and SMA25 ($6.81) on the 4H chart. That's textbook downtrend structure. The daily chart tells a different story though — RSI at 60.5 with positive MACD momentum suggests this could be a healthy correction within a larger uptrend.
📊 Trade Plan (SHORT):
• Entry: $5.98 – $6.22
• Stop Loss: $6.57 (above the 4H SMA7 — if price reclaims this level, the short thesis breaks)
• TP1: $5.80 | TP2: $5.62 | TP3: $5.39
• Risk/Reward: 0.6R — tight but the trend is your friend here
Why short? Because the 4H structure is clearly bearish and we're trading WITH the short-term momentum. The daily uptrend provides a floor somewhere around $5.40-$5.80, which gives us realistic targets.
🤔 Are you buying this dip or riding it lower? Drop your level below 👇
#UNI #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.
UNI is trading at $6.10 after a brutal sell-off. The 4H RSI sits at 33.9 — bearish but not yet screaming oversold. MACD histogram is still bleeding red at -0.02, meaning downside momentum hasn't exhausted itself.
Price is below both SMA7 ($6.41) and SMA25 ($6.81) on the 4H chart. That's textbook downtrend structure. The daily chart tells a different story though — RSI at 60.5 with positive MACD momentum suggests this could be a healthy correction within a larger uptrend.
📊 Trade Plan (SHORT):
• Entry: $5.98 – $6.22
• Stop Loss: $6.57 (above the 4H SMA7 — if price reclaims this level, the short thesis breaks)
• TP1: $5.80 | TP2: $5.62 | TP3: $5.39
• Risk/Reward: 0.6R — tight but the trend is your friend here
Why short? Because the 4H structure is clearly bearish and we're trading WITH the short-term momentum. The daily uptrend provides a floor somewhere around $5.40-$5.80, which gives us realistic targets.
🤔 Are you buying this dip or riding it lower? Drop your level below 👇
#UNI #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.