$UAI is showing strong short-term momentum after recovering sharply from its recent lows around $0.075.
Price has pushed back above the $0.217 support level and is currently trading around $0.236. However, the next major challenge is the $0.30–$0.32 supply zone, where sellers previously took control.
My expectation is a possible continuation toward $0.30 before another rejection sends price lower toward the $0.18–$0.20 region.
I’ll be watching how price reacts around the supply zone.
A strong breakout and hold above it would invalidate the bearish setup and open the door for further upside.
#bullish
Price has pushed back above the $0.217 support level and is currently trading around $0.236. However, the next major challenge is the $0.30–$0.32 supply zone, where sellers previously took control.
My expectation is a possible continuation toward $0.30 before another rejection sends price lower toward the $0.18–$0.20 region.
I’ll be watching how price reacts around the supply zone.
A strong breakout and hold above it would invalidate the bearish setup and open the door for further upside.
#bullish
