🔥 UNI/USDT – Approaching Key Short Zone
Uniswap (UNI) has formed a rising wedge structure after rebounding from local lows. Price is now nearing a critical short zone around 5.762 – 5.804, where sellers could potentially step in if UNI fails to break above with conviction.
🟣 Zone to Watch
“Possible Short Zone” (in purple) — a high-probability entry area for short trades given the overhead resistance and wedge convergence.
🔴 Entry Points:
Entry 1: ~5.762 (initial level)
Entry 2: ~5.804 (upper boundary)
📉 Momentum & Setup
Chart Formation: The rising wedge often suggests bullish exhaustion; a decisive break below wedge support can signal a bearish shift.
Volume Consideration: Look for a sell-volume uptick or a clear rejection around 5.70 – 6.2 to confirm the short setup.
🟢 Take-Profit Zones
✅ TP1: ~5.549
✅ TP2: ~5.315
✅ TP3: ~4.957
✅ TP4: ~4.244 (Extended downside if momentum persists)
❌ Invalidation Level: 6.265+
(A strong close above this level indicates a bullish breakout from the short window.)
🧠 Narrative
This setup highlights a possible bearish retest, as UNI’s rebound has propelled price into a narrowing wedge near major resistance. Should buyers fail to push beyond 5.70, aggressive sellers may anticipate a correction. A volume-backed rejection here could see UNI retrace to lower support levels.
🎲 Market Context
Monitor broader crypto sentiment and Bitcoin’s performance; strong market momentum could negate the bearish bias, while a market-wide pullback may accelerate downside.
📌 Risk Management
Position Sizing: Adjust to your risk tolerance and never overexpose.
Stop-Loss: Place it above 6.265+ to avoid unexpected breakouts.
Remain flexible and reevaluate if price action shows continued strength above the wedge.
