$UNI: Open Interest Drops Rapidly: Long Squeeze Underway
SHORT SETUP UNI
Entry: $6.9600 - $6.9800
Stop Loss: $7.2300
Take Profit: $6.4500 (2R)
Key Levels: Support $6.8220 | Resistance $7.2130
Technical Analysis for $UNI: The EMA hierarchy (92150200) sits above price, MACD is negative and below its signal, and ADX at 34 confirms a strong downtrend. RSI at 40 and Stochastic below 50 add bearish bias. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC is in a bearish 4hour trend and down 3.1% on the day, while the broader market is broadly negative with 93.7%
SHORT $UNI
SHORT SETUP UNI
Entry: $6.9600 - $6.9800
Stop Loss: $7.2300
Take Profit: $6.4500 (2R)
Key Levels: Support $6.8220 | Resistance $7.2130
Technical Analysis for $UNI: The EMA hierarchy (92150200) sits above price, MACD is negative and below its signal, and ADX at 34 confirms a strong downtrend. RSI at 40 and Stochastic below 50 add bearish bias. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC is in a bearish 4hour trend and down 3.1% on the day, while the broader market is broadly negative with 93.7%
SHORT $UNI