Let's talk about the recent operations with UNI. A few days ago, I made a significant move, reaching around 7.6 at its peak, but considering the market is likely to pull back, I reduced my position.
Looking at the daily chart, we can see more clearly: on May 28, UNI hit a key resistance level that it hadn't reached in half a month. At that time, I observed market sentiment, especially the trend of Bitcoin, and felt there was a chance for a breakout. On May 29, the market started to gain momentum again. This time, it was the altcoins led by Ethereum that collectively strengthened, but I am still sticking to my previous double-top scenario. For those long-time followers, you should know that I have emphasized this double-top scenario many times. ETH reached around 2800 but did not effectively break through, so I chose to reduce my UNI position.
Here is the operating logic that I have always insisted on: with a base position in place, if the coin price breaks through a key resistance level, I will continue to increase my position. But if the breakout fails and the price falls back to my entry cost, I will reduce my position to control risk. Next time it rallies, I will repeat this process until I capture a real breakout trend.
From a broader cycle perspective, UNI's current trend is quite standard—it belongs to a typical head-and-shoulders bottom pattern. The recent rise just hit the 'neckline' position. Looking back now, perhaps I should take all profits, but today's breakout came with volume, and it has also surpassed the 120-day moving average. In this case, encountering pressure and pulling back at the neckline is reasonable.
The next prediction is: UNI is likely to oscillate and consolidate at this position to prepare for the next push. Therefore, if the price returns to my cost level later, I will not choose to exit at break-even but will consider continuing to increase my position, aiming for its next real breakthrough.