【$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 consecutively lower. 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 oscillates around 3.37 within a narrow range, but order book data 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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