$UNI
### 1. **Technical Indicators Analysis**
- **Moving Averages (MA)**:
- MA(7): 8.959 (close to the current price)
- MA(25): 8.246
- MA(99): 7.362
- **Relative Strength Index (RSI)**: 93.42, indicating extreme overbought conditions, which could suggest an upcoming pullback.
- **MACD**: Positive, suggesting momentum is still upward, but caution is advised due to overbought RSI.
- **Volume**: High, supporting the recent rally, though any drop in volume could hint at weakening momentum.
### 2. **Potential Short Entry**
- **Entry Point**: Consider a short entry if the price moves below the MA(7) level (8.959), which would suggest a potential reversal or correction.
- **Target Price (TP)**:
- **First Target**: 8.246 (near the MA(25), which could act as a support level)
- **Second Target**: 7.362 (near the MA(99), for a deeper pullback)
### 3. **Stop-Loss (SL)**
- Place a stop-loss just above the recent high (9.480) to manage risk in case the uptrend continues.
### 4. **Trade Duration**
- Short-term trade (1-3 days), as a pullback from the overbought level might be temporary before the trend resumes.
### **Summary**
- **Entry**: Below 8.959
- **Target 1**: 8.246
- **Target 2**: 7.362
- **Stop-Loss**: 9.480
- **Trade Duration**: 1-3 days
This setup is for a potential short position to capture a correction within an overbought trend. Please monitor the indicators closely for confirmation.
***DYOR***
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