$UNI has broken down from a tight consolidation range around $10.20 following a strong rally. The recent formation of a clear bearish flag pattern, followed by a sharp drop, signals potential for further downside. Unless buyers can reclaim the $9.80+ level quickly, bearish momentum is likely to continue.
Trade Setup (Short):
Entry: $9.58 – $9.65
Stop Loss: Above $9.85
Target 1: $9.40
Target 2: $9.20
Target 3: $9.00