🚨 $UB A strong downward pressure is evident today — the market is clearly bullish.
A look at the volume: every drop is accompanied by a massive volume spike, like the recent 6.2B. A classic distribution, bears are in control. The current 24-hour volume ~602M, increasing the downward pressure, with no real buying interest.
Money flows: short contracts show small upward flows (+328K in the last hour) but are declining over 24 hours (-43K) and 3 days (-127K). Futures are cautious, often hedging or selling from major players.
Strategy: Downward trend, consider shorting:
Wait for a correction near resistance at 0.0443 to enter.
Or if the price breaks below the 24-hour low at 0.03015 with confirmed volume, enter on the drop.
Risk management:
SL: 0.045
Targets: TP1: 0.02955, TP2: 0.02538
Stay cautious during low liquidity hours.
Futures trading is risky 🤞 always DYOR