⚔️ Battle of
$UNI : Resistance pressure faces the stubborn support! 🧐
Currently,
$UNI is moving within an interesting "Squeeze" structure on the 6-hour frame, where the price is confined between a descending resistance line and a gradually rising support. 📉
🔍 Technical scene details:
- Defense areas: Buyers are desperately trying to protect the 3.45–3.50$ area, which is the base that maintains the higher lows structure. 🛡️
- Rejection areas: We witnessed strong selling at 4.10–4.20$ levels, reinforcing the strength of the descending resistance.
🎯 Upcoming scenarios:
1. Bullish recovery: Returning above the 3.70–3.80$ levels immediately opens the way to test the upper resistance at 4.10$ again 🚀.
2. Negative scenario: Breaking below 3.35$ will completely negate the positive outlook and take us back to test the 3.15$ lows.
💡 Summary:
The range is tightening now, and the true breakout from this structure will determine the next direction. Watch the closures carefully! 🛡️
#UNI #Uniswap #BinanceSquare #TechnicalAnalysis #DeFi