Bearish, just short it

$UNI

UNI Oscillation Rebound, Short-term Support and Resistance Analysis and Trading Strategy

Market Analysis
Currently, the UNI price is $13.395, up 3.91% for the day. From the daily candlestick chart, the price is in the rebound phase after a short-term adjustment, with the 7-day moving average ($13.655) providing short-term support, while the 25-day moving average ($15.472) poses significant resistance to the price. The MACD indicator shows that bearish momentum is gradually weakening, and there are signs of stabilization in buying power.

Key Levels
• Support Levels: $12.818, $11.299
• Resistance Levels: $15.675, $19.470

Trading Strategy
1. Long Position Strategy:
If the price retraces to $12.818 and stabilizes, consider taking a light long position, with a target of $15.675 and a stop loss at $12.500.
2. Short Position Strategy:
If the price reaches the resistance level of $15.675 and fails to break through effectively, consider taking a short position, with a target of $13.395 and a stop loss at $16.000.

Market Outlook
The current trend for UNI is oscillatory, and more capital is needed in the short term to challenge the upper resistance. Pay attention to the effectiveness of the $13.655 support; if it is lost, a drop to lower support levels may occur.

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