$UB
UB is under heavy pressure right now ⚠️
Price has dropped almost 25% and the chart clearly shows a strong sell-off with consecutive red candles. On the 1H timeframe, price is trading well below EMA(7), EMA(25), and EMA(99), which confirms a short-term bearish trend.
Volume spiked during the drop, meaning this move was driven by real selling, not just low liquidity. RSI is extremely oversold near 16, so a short relief bounce is possible, but that alone doesn’t mean trend reversal.
Key area to watch is around $0.029–0.030 as local support. If this zone fails to hold, more downside risk remains. For now, this looks like a wait-and-watch setup rather than an entry.
Catching falling knives is risky — patience matters here.
