$UNI dumped straight into its mid-September breakout base between $7.00 and $7.40 after breaking through $9.00.
The flush swept liquidity under $7.20 and spot buyers stepped in right on cue to print a fresh 4H hammer candle. Cascade selling is exhausted down here, so I opened a starter long to catch the relief push back toward broken support.
Trade plan:
- Bid Zone: $7.25 - $7.45
- First Target: $8.20 (interim breakdown pivot)
- Second Target: $9.00 (overhead consolidation shelf)
- Hard Invalidation Stop: $6.80 (a 4H close below $6.80 destroys the structure, cut immediately with no bagholding)
The flush swept liquidity under $7.20 and spot buyers stepped in right on cue to print a fresh 4H hammer candle. Cascade selling is exhausted down here, so I opened a starter long to catch the relief push back toward broken support.
Trade plan:
- Bid Zone: $7.25 - $7.45
- First Target: $8.20 (interim breakdown pivot)
- Second Target: $9.00 (overhead consolidation shelf)
- Hard Invalidation Stop: $6.80 (a 4H close below $6.80 destroys the structure, cut immediately with no bagholding)