🔴 $UNI /USDT SHORT TRADE SIGNAL – REJECTION FROM SUPPLY SPIKE AT $7.10!
$UNI surged to $7.114 but faced sharp rejection, now pulling back to $6.667. The 4H chart shows a strong wick and resistance hold above $6.80, suggesting buyer exhaustion and a potential lower high setup forming after a rapid recovery rally.
TRADE SETUP (SHORT):
Entry Price: $6.68 – $6.80
Target 1: $6.30
Target 2: $6.05
Stop Loss: $6.92
WHY SHORT?
The sudden spike was not supported by sustained volume, and rejection at $7.10 triggered profit-taking. Structure now favors a retracement, especially with multiple past highs aligning in the same zone. If $6.60 breaks, downside momentum may accelerate.
RISK MANAGEMENT TIP:
Set your SL tight above the wick. Don't hold if structure flips bullish — re-enter only on confirmation.
Sell smart — don’t chase green candles when the trend is turning red!
Ride the momentum before it fades — profits favor the fearless!
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