🚀 UNI Futures: Long or Short? The Breakout Play!
The recent "UNIfication" news—proposing a token burn and fee activation—has sent UNI rocketing! This massive fundamental catalyst has triggered a major long-side surge.
Long Case: Price has violently broken key resistance levels, confirming a strong bullish trend reversal. The huge spike in volume shows conviction. Traders are longing the narrative that the fee switch will make UNI an income-generating asset. Target the next major psychological/Fibonacci resistance near $12.00.
Short Case: The move has been too fast. Price hit resistance near $10.30 and is consolidating. Bears are looking for a short entry if it fails to hold the crucial $8.50 zone (former resistance now support), betting on a classic "news pump and dump" or profit-taking.
Trade with caution and tight stops! This is a volatility zone.
