【$UNI Signal】No Position | Downtrend Continuation, Waiting for Confirmation

$UNI After a surge with increased volume on the 4-hour chart, the price quickly retraced. Currently, it is in a consolidation phase with decreasing volume, forming a downtrend continuation pattern. The price is suppressed below the EMA20 (3.429), and the depth imbalance is only 0.74%, indicating weak buying support.

🎯 Direction: No Position

Market Analysis: The 4-hour candlestick chart shows that after reaching a high of 3.918, the price closed with consecutive declines. The buy/sell ratio dropped from 0.54 to 0.44, indicating increased selling pressure. Although the funding rate is negative (-0.0159%), the open interest (OI) trend remains stable, and there is no indication of a short squeeze, more likely a natural pullback after a rebound.

Logical Core: The key resistance is at the previous high of 3.918 and the descending trendline formed by EMA50 (3.557). The current price hovers around 3.37 with narrow fluctuations, but the order book shows a significant wall of sell orders (Asks) in the 3.375-3.385 range, creating upward resistance. The RSI (47.04) is in a neutral to weak zone, with no divergence signals.

Risk Management Perspective: ATR is 0.2148, indicating moderate volatility. Until the price effectively stabilizes above EMA20 with increasing OI and restored buy-side depth, long positions lack logical support. Currently, the market is in disorderly oscillation with low probability of success; it’s advisable to stay out and wait for clear reactions at key levels (such as support at 3.30 or resistance at 3.55).

Trade here 👇 $UNI

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