$UNI is struggling below the 200 MA after a sharp breakdown from the $9 zone.
Price is attempting a short-term bounce, but the overhead resistance around $7.80–$8.00 remains a key hurdle. If this bounce gets rejected, we could see another leg down toward the $4.80–$4.20 demand zone. 🎯
Bulls need to reclaim resistance to change the current structure. Until then, I'm watching the downside scenario closely.
Patience. Let the chart confirm. 👀
Price is attempting a short-term bounce, but the overhead resistance around $7.80–$8.00 remains a key hurdle. If this bounce gets rejected, we could see another leg down toward the $4.80–$4.20 demand zone. 🎯
Bulls need to reclaim resistance to change the current structure. Until then, I'm watching the downside scenario closely.
Patience. Let the chart confirm. 👀