Is it just me or does $UNI look like it's losing steam after that massive pump?
We had a crazy vertical move from the 4.849 support level, but it hit a brick wall at 5.440. Right now, we are seeing some red candles stacking up as people take profits. The price is sitting at 5.248 and it looks a bit heavy. If we don't find buyers here soon, the next stop is likely a retest of the 5.00 psychological level to see if that old resistance can actually act as support now. Volume was high on the way up but it's tapering off on this dip, which is typical. I'm waiting to see if we consolidate here or if this was just a "pump and dump" situation before moving lower. Gonna stay patient and see if a better entry develops.
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Is it just me or does $UNI look like it's losing steam after that massive pump?
We had a crazy vertical move from the 4.849 support level, but it hit a brick wall at 5.440. Right now, we are seeing some red candles stacking up as people take profits.
The price is sitting at 5.248 and it looks a bit heavy. If we don't find buyers here soon, the next stop is likely a retest of the 5.00 psychological level to see if that old resistance can actually act as support now.
Volume was high on the way up but it's tapering off on this dip, which is typical. I'm waiting to see if we consolidate here or if this was just a "pump and dump" situation before moving lower.
Gonna stay patient and see if a better entry develops.
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