$UAI 🐋
$UAI just saw 10.9x selling volume, smart money exiting?
- The current setup shows a clear break in structure to the downside with immense volume, suggesting that further downside is likely, especially if resistance at 0.2894 or 0.3002 holds.
- If price retests 0.2894 or 0.3002 and forms a clear rejection (such as a bearish engulfing pattern, strong upper wick, or lower high on the 5m/1m), you can enter a short position.
- Example trade: If price bounces and gets rejected at 0.2894, enter short with confirmation (like a bearish engulfing), targeting 0.2860 as the first take profit, and 0.2663 as the extended target if selling accelerates. Place stops above the swing high of the rejection candle.
- If price continues falling directly without a retest, avoid chasing. Instead, watch for support reaction at 0.2860 and especially 0.2663–0.2625. If you see reversal patterns here (strong bullish pin bar or engulfing on the 15m or 5m), aggressive bulls could try a countertrend scalp, aiming for a bounce toward 0.2894, but only with strong confirmation.
- If price reclaims 0.3002 and closes above with momentum, I would abandon the bearish bias and look for signs of a reversal or larger relief rally toward 0.3115.
- As always, stop-loss should be placed above the local swing high (for shorts) or swing low (for countertrend longs), and wait for a clear confirmation before entry: look for rejection wicks, lower timeframe bearish order blocks, or a clear structure break on the 5m/1m.
📝 This is not investment advice, but an educational report based on technical and order flow analysis. The move is most likely distribution by larger players, but always wait for confirmation before entering trades after such events! Stay safe and trade smart!
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