$UNI Analysis: Bears in Control with Key Levels to Watch
The 15-minute chart for $UNI shows a clear bearish trend, with prices continuing to slide lower amidst strong resistance levels.
Bearish Order Blocks (Be-OB):
The marked red zones between $14.40–$14.80 and $14.00–$14.20 represent heavy sell-side pressure, where previous rejections occurred.
Market Structure Break (MSB):
Multiple MSBs confirm a bearish bias, as the market forms lower highs and lower lows.
Oversold RSI:
The RSI is at 34.13, indicating oversold conditions, hinting at a possible short-term bounce.
Key Levels to Monitor:
Resistance: Immediate resistance lies at $14.00, which aligns with the bearish mitigation block (Be-MB).
Support: If selling pressure persists, the next significant support is at $13.20.
Trading Strategy:
Look for potential retracements into the bearish zones ($14.00–$14.20) for short opportunities.
Alternatively, a decisive break above $14.20 could invalidate the bearish bias and open the path for a rebound.
$UNI is set for thrilling action—stay alert for reversals or breakdowns!