This #UNI one-hour candlestick chart is really distressing.
Opening price $7.495, closing directly dropped to $7.254, highest surged to $7.7 and then fell back, lowest dropped to $7.21, prices are fluctuating wildly. Trading volume 81792, obviously increased, indicating that outside funds are fleeing, retail investors are starting to panic.
MA7 line $7.177, MA30 line $6.775, prices are moving down close to the moving averages, short-term trend is downward. EMA7 line $7.207, EMA30 line $6.856, short-term moving averages are above, long-term moving averages are below, short-term downward momentum is obvious.
MACD directly at 0.137, both DIF and DEA are underwater, bears are dominant. KDJ indicator is even worse, K line 73.5, D line 69.08, J line 82.36, all in the overbought zone, theoretically should drop, but J line is too high, be cautious of a rebound.
If you ask me, this coin is currently in a bearish market, it can still drop with volume. Those with heavy positions should withdraw quickly, and those wanting to bottom fish should wait for a volume breakout before acting, don’t go against the trend, preserving principal is the most important.
I usually share some cutting-edge news and practical strategies, welcome to discuss opinions, let's seize this big opportunity together!