$UNI USDT – SHORT-TERM REJECTION AT RESISTANCE, SHORT SETUP IN PLAY
• PRICE REJECTED FROM $8.521 NEAR 99MA
• MOMENTUM STALLING AS BEARS DEFEND THE $8.50 ZONE
$UNI USDT made a recovery from $8.280 and briefly broke above the 99MA ($8.440), touching a high of $8.521. However, it failed to sustain above resistance and is now showing signs of exhaustion with red candles near the top.
The price is still above the 7MA ($8.470) and 25MA ($8.419), but a breakdown below $8.44 could confirm a short-term reversal. A lower high may be forming, setting up a potential short opportunity.
SHORT Trade Setup:
Entry: $8.48 – $8.52
Targets:
TP1: $8.38
TP2: $8.29
TP3: $8.20
Stop Loss: $8.60
Watch for a close below the 99MA with increased selling volume to confirm momentum.
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