MARKET UPDATE: $UNI

$UNI is trading around 3.92, and the key detail is that price is pushing back into the underside of the long downtrend line. That trendline has been the ceiling for weeks, so this is the “decision zone”. If UNI can reclaim and hold ~3.95–4.00, the next squeeze usually targets ~4.15–4.20 quickly.

If that trendline rejects again, then this move stays a lower-high and we likely rotate back into ~3.75–3.65 first, with the deeper support sitting near ~3.40–3.30.

This is one of those charts where the next candles decide everything, so I’ll keep it on watch and update as it confirms.