$UNI /USDT BEARISH PULLBACK UNDERWAY – SELL THE RIP? ⚠️📉
🔍 Technical Analysis (1D Chart – Binance)
Uniswap ($UNI) is showing signs of weakness after failing to break above $6.47. Currently trading at $5.92, it’s down -6.56% in 24h, indicating a strong bearish reversal. Price action suggests lower lows ahead unless bulls reclaim key resistance.
🔹 Support:
$5.80 – Immediate support (24h low)
$5.50 – Key demand zone
$5.20 – Major support from previous accumulation
💣 Trade Setup (SHORT ENTRY):
📍 Entry: $5.95 – $6.00
🎯 Targets (TP):
TP1: $5.80
TP2: $5.50
TP3: $5.20
🛑 Stop Loss (SL): $6.20
📊 Bearish Confirmation:
Price below 50-day SMA
Lower highs on 1D timeframe
Weak bounce volume – lack of buyer momentum
⚠️ Risk Management:
Only risk 1-2% of your portfolio per trade. Use stop loss strictly – discipline over emotion keeps you in the game. 📉💼
📉 Summary:
$UNI/USDT is in correction mode. With rejection at $6.47 and no strong bounce, a short setup provides a clean risk-to-reward opportunity. Watch $5.50–$5.20 as potential downside targets! 🔻🔥
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