UAI's recent drop is counterintuitive: the more panic there is, the more you should check if the sell pressure is nearing its end.
UAI is down -19.06% in the past 24 hours, with a significant pullback. Right now, it’s not just about how much it has dropped, but whether the sell-off is close to finishing. The current price is about 0.2815, with a 24h trading volume of approximately 9,452,400, indicating that the increased selling looks more like a panic dump.
Reference indicators: 30m Super Trend at 0.273260, with the current price above it, suggesting a trend continuation; 30m KDJ at 70.11/51.53/107.27, indicating that short-term volatility is heating up; conversely, if the J value fails to bounce back, short-term volatility could easily turn weak again.
The real action point lies in the divergence: some are looking for a continued breakdown, while others are anticipating a panic recovery. I’m more interested in whether the trend support can be reclaimed; if not, a quick bounce could easily turn into a weak recovery.
At this position, don’t rush to call a bottom; the quality of the next rebound is more important than opinions.
#UAI #Alert