$UNI is looking better for a short setup, but I would not short directly at the current low. Price is around 7.980, down 9.80% in 24h, and it has now fallen below MA7 8.813 and MA25 8.587, which shows the short-term structure is weakening.
Bias: Short on bounce
Entry zone: 8.250 to 8.550
Stop: above 8.900
TP1: 7.950
TP2: 7.600 to 7.400
TP3: 7.000 to 6.800 if selling pressure continues
The reason I prefer short is that UNI rejected after the strong move toward 10.942 and is now losing the key moving average support. Since price is already near the 24h low 7.947, the cleaner setup is waiting for a bounce into resistance and then looking for rejection. If UNI reclaims 8.900 with strength, I would cancel the short idea because buyers would be trying to recover the trend.
Bias: Short on bounce
Entry zone: 8.250 to 8.550
Stop: above 8.900
TP1: 7.950
TP2: 7.600 to 7.400
TP3: 7.000 to 6.800 if selling pressure continues
The reason I prefer short is that UNI rejected after the strong move toward 10.942 and is now losing the key moving average support. Since price is already near the 24h low 7.947, the cleaner setup is waiting for a bounce into resistance and then looking for rejection. If UNI reclaims 8.900 with strength, I would cancel the short idea because buyers would be trying to recover the trend.