$UNI: Bears Retake Control as $UNI Fails to Hold Moving Averages
SHORT SETUP UNI
Entry: $9.0240 - $9.0290
Stop Loss: $9.3450
Take Profit: $8.3895 (2R)
Key Levels: Support $9.0060 | Resistance $9.0690
Technical Analysis for $UNI: EMAs (9, 21, 50, 200) sit above price and MACD histogram is negative, indicating bearish momentum. Orderbook shows a 16% askside imbalance, adding pressure. Stochastic K at 24 hints at oversold conditions, a possible rebound risk. Confirmation comes if price breaks below the 1H support at 9.006; a hold above 9.069 would invalidate the short.
Market Context: BTC remains in a bullish trend on both 4H and daily frames, while overall market breadth is mixed (54.8% green). UNIUSDTs downside
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $UNI
SHORT SETUP UNI
Entry: $9.0240 - $9.0290
Stop Loss: $9.3450
Take Profit: $8.3895 (2R)
Key Levels: Support $9.0060 | Resistance $9.0690
Technical Analysis for $UNI: EMAs (9, 21, 50, 200) sit above price and MACD histogram is negative, indicating bearish momentum. Orderbook shows a 16% askside imbalance, adding pressure. Stochastic K at 24 hints at oversold conditions, a possible rebound risk. Confirmation comes if price breaks below the 1H support at 9.006; a hold above 9.069 would invalidate the short.
Market Context: BTC remains in a bullish trend on both 4H and daily frames, while overall market breadth is mixed (54.8% green). UNIUSDTs downside
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $UNI
