Is the momentum on UNI fading away? Last night's BTC bloodbath makes me cautious.
However, UNI price keeps hitting lower highs along descending resistance (~8.00-7.50), and MACD & RSI confirm momentum fading. MACD histogram peaks shrink at each bounce—classic bearish divergence.
We’re trapped inside a tight wedge between falling resistance (~7.50–7.55) and rising support (~7.26/7.04). I’m bullish above EMA200 (~7.37), but momentum’s weak.
To go long confidently, I need a breakout above 7.55 with MACD histogram expanding. If UNI loses wedge support, I’m anticipating a deeper pullback toward EMA200 (~7.37).
Waiting for a clear momentum shift or a decisive wedge break.
