$UNI
1H Trade Setup (Short-Term Swing Trade)
Chart Analysis:
Current Price: $7.595
24H High / Low: $7.949 / $7.454
Volume: Showing spikes in recent candles, indicating strong interest.
MA Levels:
MA(7): 7.681 (above price, acting as resistance)
MA(25): 7.651 (above price, near resistance)
MA(99): 7.571 (near current price, potential support)
Pattern Observed:
A double top appears to be forming around the $7.95 level.
Strong bearish candle rejection after failing to break previous high (bearish engulfing).
Price broke below MA(7) and MA(25), suggesting short-term bearish momentum.
Volume increased during the drop, confirming selling pressure.