$UNI Breakdown or Relief Bounce? Bears Still in Control!
$UNI is trading at $6.14, down -0.87% on the day, after hitting a low of $6.09. The 15m chart shows a consistent bearish trend with lower highs and lower lows, despite a small bounce from support.
Key Technical Zones:
• Resistance Zone: $6.22 – $6.30 (multiple rejection candles)
• Support Zone: $6.08 – $5.92 (24h low and high-volume demand area)
Trade Setup – Trend Continuation or Short-Term Bounce?
Bearish Entry: Below $6.08
• Target 1: $5.95
• Target 2: $5.80
• Stop-Loss: Above $6.22
Bullish Entry: Above $6.30
• Target 1: $6.48
• Target 2: $6.65
• Stop-Loss: Below $6.08
UNI is under consistent sell pressure, and buyers are struggling to reclaim lost ground. While short-term bounces are possible, the structure remains bearish unless price breaks above $6.30 with volume. Failure to hold $6.08 could trigger another sharp leg down.