Friends, I am Mig.
Today’s UNI market, combined with a big piece of news, is particularly interesting. Let’s not beat around the bush and get straight to the point.
First, let’s look at the news:
Today, a giant whale/institution withdrew nearly 12.9 million USD worth of UNI from Coinbase within 6 hours. What are the key details?
First, he is an 'old hand' who started betting before the Unification proposal was submitted, not a newcomer.
Second, his average cost is 5.51 USD, and he is now in profit.
Here’s a bit of insight from Mig: this releases two possible signals—either smart money is continuously collecting chips during the downturn, optimistic about the future; or it’s just an internal wallet reorganization at the exchange, with no substantial impact on the market.
But my experience is: in a downtrend, the whale's 'buy' behavior is often not an immediate reversal signal but more likely a setup for subsequent waves. Blindly following the trend can easily leave you halfway up the hill. Want to understand the true intentions of the whales? Follow Mig, and I will share specific layout plans in the village based on news. chat room
Looking at the technicals:
The upper level of 6.12 is a key resistance point, and 6.42 is a strong upper pressure, like two mountains. The lower level of 5.6 is the first line of defense, and 5.33 is the lifeline. The most crucial indicator—MACD, with the yellow and white lines crossing downwards above the 0 axis, is a typical 'bullish momentum exhaustion' signal, indicating that the upward momentum is fading, and the adjustment is not over.
Mig's view is clear: the probability of a direct violent reversal, shooting up to 6.12 or even 6.42, is very low tonight. The market needs time to digest the selling pressure or requires a bigger positive catalyst to drive it.
Therefore, my personal judgment is: the market is more likely to first seek support downwards, with a focus on observing the 5.6 position. If it holds, there will be volatility here; if it breaks with volume, the next stop is around 5.33. Only then should you consider whether it is worth testing the bottom position. chat room
Advice for retail investors:
For those with positions: consider reducing some when rebounding to the 5.8-5.9 area to lower your cost.
For those without positions: place buy orders to accumulate near 5.33-5.4.
Remember: don't rush in with all your funds just because you see 'whales buying'; the amount of capital and information lag are not on the same level.
The market changes every second, and going solo is the easiest way to lose. Mig is immersed in on-chain data and candlesticks every day to help you filter out the noise and find the key rhythms. As mentioned earlier, the whale monitoring method and how to set dynamic stop-loss and take-profit will be analyzed and shared in the village. chat room
If you don't know the specific timing for entry and exit points, and for those holding positions, you can follow Mig, who will announce the daily coins and entry points as well as exit timings in the chat room!!
