$UNI Bounce Back or Fakeout?
UNI just reclaimed the $7.70 zone after a sharp dip, but it’s not out of the woods yet. With lower highs and consolidation, bulls must prove their strength—or risk another leg down. Eyes on the breakout zone!
Key Levels to Watch
Resistance: $7.75 – A solid push above this level could ignite a move toward:
TP1: $7.85
TP2: $7.95
Support: $7.65 – Losing this key support might drag UNI toward:
TP1: $7.55
TP2: $7.44
Trade Setup – Tight Range, Big Potential
Bullish Entry: Breakout and hold above $7.75
Bearish Entry: Breakdown below $7.65
Stop-Loss: Keep it tight to avoid fakeouts – volume’s thinning, so quick moves are likely.
Volume Check: Still active (~108.5K SMA), but fading. Wait for confirmation before diving in.