$UAI 💔 Massive Sell-Side Volume on
$UAI at 7.7x
- I expect further selling pressure unless price rapidly reclaims the 0.3554–0.3600 resistance zone with strong reversal confirmation. Given the cluster of bearish indicators and broken support levels, it looks like a classic distribution or panic exit, not a "bear trap."
- Potential short setup: If price retests 0.3554–0.3600 and forms a clear bearish candle (such as a pin bar wick rejection, bearish engulfing, or lower time frame breakdown), consider short entry there. Watch for confirmation like rapid rejection from supply, lower highs on 5m, or volume drying up on retest.
- Take profit targets: First at 0.3364, then 0.3303, 0.3233, and if momentum persists, 0.3151. A final extension target is 0.3017.
- Stop-loss: Place above the swing high or above the bearish rejection candle formed during your confirmation entry.
- If price closes back above 0.3648 with bullish confirmation after sweeping the recent lows, this bearish scenario is invalidated and I would not hold shorts.
- Example entry scenario: Wait for a 5m or 15m bearish engulfing or shooting star at 0.3554–0.3600 on a retest, then enter short. If price instead forms a strong bullish engulfing off 0.3364 and quickly reclaims 0.3554, stay out of shorts—it could be a fakeout.
📝 This is not investment advice, just an educational analysis. The current environment is quite bearish, but always wait for confirmation before trading against extreme volume moves. Good luck and trade safe! 🚦
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