There is a mysterious address that secretly took 1.68 million UNI from Coinbase a week before the heavy proposal was submitted on UNI, with an average price of only $5.2! As a result, once the proposal passed, the coin price soared to a peak of $6.5, resulting in a paper profit of $1.37 million! This is not just speculation; it’s as if they have opened their third eye, absolutely 'smart money'!
How to view the news?
This clearly indicates that big money had advance knowledge of the news and made precise arrangements. Now that the good news has been realized, the profits are already very substantial. For us retail investors, the signal is clear: the insightful big players may already be thinking about how to secure their profits. If you rush in recklessly at this point, you may just be picking up the pieces.
Bai Yue believes: This kind of "good news fully priced in" scenario is too common in the crypto circle. Don't just envy others making money; think about who will be swimming naked after this wave of heat passes. If you don't know how to time the market, you can follow Bai Yue, who will provide real-time analysis in the village and give the current best entry points.
The technical analysis is even more stimulating!
Take another look at the 4-hour chart. The current price is exactly at the "key level" of $6.042, where bulls and bears are locked in a fierce battle. Above, there is a heap of resistance between $6.6 and $6.74, like several towering mountains. Below, the first line of defense is at $5.86, and the real killer is the "bottom support" at $5.37.
More importantly, the "yellow and white double lines" in the chart have already formed a "dead cross" below the zero axis, indicating a depletion of upward momentum. Looking at the volume bars below, each one is shorter than the last, with a significant reduction in volume, suggesting that market enthusiasm for chasing highs is waning, and everyone is waiting and watching.
Bai Yue believes that the technical analysis completely confirms the "bearish" sentiment; in the short term, we are in a fluctuating downward pattern. If the "key level" of $6.042 cannot hold, probing for support below is highly likely.
Do you think if UNI really falls near the strong support level I mentioned, would you consider taking action? If you don't know how to time the market, you can follow Bai Yue, who will provide real-time analysis in the village and give the current best entry points.
What should retail investors do? Bai Yue has some tips for you:
Don't chase the highs! The current price is stagnant, and the risks outweigh the opportunities. Don't rush in just because of a slight rebound; there is heavy resistance above, with little reward and many spikes.
Keep a close eye on key levels. Just take $6.042 and $5.86 as observation points. If it firmly stands above $6.042, you can continue to watch; if it breaks below $5.86, the short-term risks will increase.
If you want to make a move, you must wait! If you really have high hopes, you should not go all in right now. Patiently wait for it to drop to a stronger support area and consider testing in batches with small positions only when stabilization signals appear, and make sure to set stop losses. If you don't know how to time the market, you can follow Bai Yue, who will provide real-time analysis in the village and give the current best entry points.
Bai Yue's personal opinion:
With this news combined with the technical analysis, the picture becomes clear: funds with insider advantages have already feasted, while the technical analysis shows a lack of following power in the market, revealing signs of fatigue. This usually means a lack of new momentum for continued surges in the short term, and the pressure from profit-taking will grow. The trend of UNI will also influence the sentiment of the entire DeFi sector; if it can't sustain a pullback, other similar cryptocurrencies may also come under pressure.
The market always has opportunities; the key is to operate calmly. Bai Yue will continue to monitor on-chain dynamics, moving steadily forward together! Follow Bai Yue and participate in every attack by the villagers! Bai Yue will announce specific entry times and real-time news every day in the village!
