Brothers, I am Mig.
Brothers, today the trend of UNI is making me scratch my head.
Let me tell you something: there was a whale who rushed into a long position on the day UNI announced it would burn transaction fees in November, and now he has an unrealized loss of nearly 580%, losing almost 2 million dollars... Can you say that's not scary?
This message, I need to break down and explain to you: it is not in the past tense, it is in the present continuous tense.
He was crazy about buying in when the UNI 'burn proposal' was hottest on November 11, and the price surged to 10 dollars. What does this indicate? A typical case of 'good news turning into bad news'; once the news broke, both retail investors and whales went wild, and in the end, everyone was trapped at the peak.
This whale is currently the largest long position on Hyperliquid for UNI. He has suffered this much, either he chooses to cut losses or to hold on. Whichever option, it is a heavy blow to market sentiment, telling all retail investors: blindly chasing longs, even whales have to die to show you.
So today the overall market is under pressure, and the root cause lies here.
So, how does the technical side look? Is it contradictory to the news side?
Now the 1-hour K-line shows the price at 5.38, just stuck below the key level of 5.4 you provided. Isn't that a coincidence? Bulls and bears are clashing here.
Above, the rebound pressure is heavy: 5.5 -> 5.56 -> 5.6, like a series of checkpoints.
Below, support is looking very close: 5.24 -> 5.1, especially at 5.1, which you marked as 'bottom support'.
The most subtle aspect is the MACD: As you said, it formed a golden cross below the zero axis. This is technically called a 'submerged golden cross', which usually indicates a rebound repair in a downtrend, but it is definitely not a confirmation signal for a trend reversal!
Mig's viewpoint is very clear: Do you want to directly V-reverse and break through 5.56 or even 5.77 in one go today? The possibility is very small. The tragedy of the whales is like a dark cloud overhead, suppressing the rebound space. The greater possibility is: taking advantage of this 'submerged golden cross', the market will try to rebound upwards, for example, to touch around 5.5. But if the volume does not keep up during the rebound, or if panic selling occurs, it will immediately turn down to test the support at 5.24 or even 5.1.
What should retail investors do? Listen to Mig's 'three-step' strategy:
For those with positions: Don't lay flat! Reducing positions during a rebound is the way to go. Treat the 5.5-5.56 area as your 'escape window'. For every slight increase, the pressure mounts, reduce a bit of your position, and first recover your principal.
For those looking to bottom fish: Hands off! The 'submerged golden cross' is not a starting gun. If you really want to enter, wait for two signals: either a strong volume stabilization at 5.56, proving the rebound is strong; or patiently wait for it to drop through, and then look for stabilization signals near the strong support at 5.1. Better to miss out than to make a mistake.
Overall mindset: The current market is dominated by news rather than technicals. A single piece of bad news can smash a technical rebound. Therefore, risk control is always the first priority, positions must be light, and leave enough room for yourself.
I know you are very conflicted right now, looking at the golden cross wanting to charge, while fearing the sharp drop. This is the state of retail investors that the main force wants to see most - repeatedly getting hit in hesitation.
Don't bear it alone. This afternoon I will be in the village, combining real-time market conditions, to clearly outline several possible future paths for UNI, telling you how to watch key price points and how to interpret the main force's actions.
If you don't know the specific entry timing and exit points, as well as the fans holding positions, you can follow Mig. Mig will announce the daily coins and entry points as well as exit timing in the chat room!!
