$UNI

BEARISH SETUP: NEXT MOVE EXPECTED DOWN

$UNI has shown signs of weakness after failing to sustain the upward momentum near the 6.888 resistance. The price has now broken key short-term support levels and is forming lower highs on the 1H and 4H charts, indicating a likely continuation to the downside.

Technical Levels:

Target 1 (TP1): 6.400

Target 2 (TP2): 6.200

Stop Loss (SL): 6.888

Analysis:

The recent rejection from resistance coupled with weakening buying pressure suggests a bearish continuation. Traders should watch for confirmation with a break below 6.584 for optimal entry.

Risk Management:

Use proper position sizing and set SL above the recent resistance to limit potential losses. Avoid over-leveraging.

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