Not liking how this move is shaping up near resistance.

After the recovery leg, $UNI is now pressing into a clearly defined supply zone around the 5.30–5.35 area, and the latest push looks weak rather than impulsive. Buyers tried to reclaim higher levels but momentum faded quickly, which usually opens the door for a pullback instead of continuation. As long as price stays capped below this resistance band, the structure favors a downside move back toward the lower demand area.

Short Trade Setup

Entry: 5.28 – 5.35

Targets:

– 5.05

– 4.92

Stop Loss: 5.44

This is a rejection-based short — continuation only works if sellers defend the upper zone.