UNI's early surge to 7.7 was instantly smashed back to its original form, now stuck at 7.05, completely unable to move in sideways trading.
Details on the market hide secrets—there's a large sell order of 7400 units at the price level of 7.4, clearly indicating that an old player is controlling the market. Below the 7.0 level, there are 4600 units of buy orders that look intimidating, but the trading volume has shrunk to a minuscule size, making this market even less appealing.
The daily MA7 and EMA30 moving averages are flat, playing dead, while the MACD is sluggishly stuck underwater. This kind of pattern can change in an instant. If there are no significant news events, I can confidently say that this asset will definitely continue to consolidate between 7.0 and 7.4.
Currently, engaging in contracts is like searching for death. If you really want to take action, focus on two critical lines: if it breaks below 7.0, directly look to see if it can hold at 6.8. If it breaks through 7.4 with high volume, it might touch the previous high of 7.7. But remember, the main players are currently holding all the scythe positions; don't exceed 20% in your positions. Wait until they finish their battles, then follow the trend. To be honest, this kind of narrow range fluctuation is more dangerous than a one-sided market—out of ten people, nine will get trapped. Newbies should keep their hands steady and just watch; that's the safest approach.
Blindly acting alone will never bring opportunities. Why not follow Xiao Li? I will lead you to explore tenfold potential coins! Top-tier resources!
