$UNI / USDT : The daily and 4-hour charts are strongly bearish, with the price below all major moving averages.
The 1-hour chart is now retesting EMA50 as resistance.
Momentum is turning down now: the 15-minute RSI fails below 50, indicating a loss of buying strength.
This is the trigger for the next downward leg.
Enter a sell trade upon breaking the 1-hour low.
The path to lower targets is clear.
Executable setup now (Sell)
Entry: market at 5.125778 – 5.160978
Target 1: 5.037777
Target 2: 5.002576
Target 3: 4.932175
Stop loss: 5.248979
UNIUSDT
Perp
5.19
+2.32%