$UAI is up 47% today and already pushed as high as 0.6062.
What caught my eye is the buying volume is still there, but taker buys and sells are almost matching each other now. Futures are also trading slightly above the index, so people are still leaning bullish.
After a move from around 0.26 to 0.60 this fast, I would rather watch how it behaves around 0.60 than chase the green candle here.
If buyers can keep absorbing the selling near that area, UAI could stay interesting. If not, this is exactly where late entries can get uncomfortable fast.
#ARBRises30%OnRobinhoodChainRevenue $MAGMA & $CLO signal coming
What caught my eye is the buying volume is still there, but taker buys and sells are almost matching each other now. Futures are also trading slightly above the index, so people are still leaning bullish.
After a move from around 0.26 to 0.60 this fast, I would rather watch how it behaves around 0.60 than chase the green candle here.
If buyers can keep absorbing the selling near that area, UAI could stay interesting. If not, this is exactly where late entries can get uncomfortable fast.
#ARBRises30%OnRobinhoodChainRevenue $MAGMA & $CLO signal coming
