#UNI Friday's abnormal frenzy shows how strong the upward trend is. $ETH 's price reached the short liquidation price of 4195, and it is not advisable to chase more Ethereum; shorting Ethereum at a high point should at least be considered around 4300, with a close stop loss that must be set. Those who entered at other lower positions can only take a quick profit and exit. There is still a possibility of a continued strong pull on the weekly chart. At 4000, some panicked and sold, but those who were still frantically chasing the price pushed it higher, exceeding the understanding of most shorts.
$UNI has also seen a significant increase during the week, but it can still rise, as it has not yet broken through, or it may be facing a catch-up rally. If UNI's upward momentum is not strong enough, there may be short-term fluctuations, but in the long run, it is still bound to rise.
For $UNI , there is still a need to break through; wait for the catch-up rally. It is still advisable to go long and not short. When chasing more, at least ensure a strong liquidation below 8.0. For those with strong risk awareness, setting a liquidation further away is necessary, regardless of whether it can drop further or not.