Are you also unable to sleep while staring at the K-line chart of UNI? Feeling anxious when it rises and anxious when it falls? Don't worry, today Zhouyi will help you unravel the 'dual script' of news and technical analysis, and see clearly how UNI will move next!
News: Whales betting on the proposal, is the $1.37 million floating profit a 'smoke bomb' or 'real good news'?
On-chain data shows that a certain large holder hoarded 1.68 million UNI before the proposal was approved, with an average price of $5.20, currently floating profit of $1.37 million. Sounds like great news? But don't forget: when whales take profits, it often marks the beginning of a crash. After the proposal is approved, the good news will be exhausted, and the upward momentum has weakened, be careful not to become a bag holder!
Technical analysis: the 4-hour chart has 'changed its face', MACD death cross has issued a dangerous signal.
Currently, UNI is in a downtrend, with the MACD white and yellow lines steadily declining above the zero axis, and the golden cross turning into a death cross—this is a typical signal of waning upward momentum. There are heavy pressures above, with 6.440 being the first hurdle, and 7.070 being even harder to break. If the rebound is weak, the decline will accelerate!
I Ching perspective: first drop then stabilize, focus on these two support zones
I believe UNI is likely to continue to decline today, and it will be difficult to break above 6.440 in the short term. It is more likely to test the support range of 5.874-5.347 first. If it can stabilize there, there may be a small rebound opportunity; if it breaks down with volume, the next target will be around 4.841. Currently, I do not recommend blindly bottom-fishing, let alone chasing highs!
Player suggestion: Stay steady, we can win!
For those heavily invested: it is recommended to reduce positions around 6.440 to lower risks.
For those wanting to enter the market: hold on, wait until around 5.347 to see if it stabilizes.
All players: set proper stop-losses, don't hold positions!
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