Greed index sits at 57/100, $UNI jumps 2.53% to $7.57 after two straight weeks of retail losses. CME futures launch hype is real, but don’t FOMO into this bounce just yet.
$6.80 is the make-or-break support level for $UNI right now. Retail interest is ticking back up after the two-week slump, but that’s not enough to confirm a trend reversal. Volume on this move is still 17% below the 20-day average, so we have no proof this demand can hold through the launch.
The biggest risk is a classic sell-the-news dump if the CME launch gets priced in early. Wait for a 4H close above $7.20 with volume above the 20-day average before adding any long positions. No clear signal? Stay on the sidelines and watch.
#Write2Earn #BinanceSquare #UNI DeFi #TradingTournament
$6.80 is the make-or-break support level for $UNI right now. Retail interest is ticking back up after the two-week slump, but that’s not enough to confirm a trend reversal. Volume on this move is still 17% below the 20-day average, so we have no proof this demand can hold through the launch.
The biggest risk is a classic sell-the-news dump if the CME launch gets priced in early. Wait for a 4H close above $7.20 with volume above the 20-day average before adding any long positions. No clear signal? Stay on the sidelines and watch.
#Write2Earn #BinanceSquare #UNI DeFi #TradingTournament