UNI Rejects Major Resistance – Short Distribution
🔴 $UNI - SHORT
Trade Plan:
Current Price: ~$3.241
Entry Zone: 3.30 - 3.45
SL: 3.62
TP1: 3.00
TP2: 2.75
TP3: 2.50
The chart shows UNI rejecting a major resistance zone with a bearish engulfing candle and negative divergence on the 4H. Our Entry Zone at 3.30-3.45 captures the distribution area. The Stop Loss at 3.62 sits above the recent high. Downside targets at TP1 $3.00, TP2 $2.75, and TP3 $2.50 align with the next liquidity pools. This SHORT setup has high conviction because the rejection and expanding sell volume confirm the start of distribution.
Will UNI continue lower after this rejection?
Click below for trade 👇
DYOR & manage risk!
🔴 $UNI - SHORT
Trade Plan:
Current Price: ~$3.241
Entry Zone: 3.30 - 3.45
SL: 3.62
TP1: 3.00
TP2: 2.75
TP3: 2.50
The chart shows UNI rejecting a major resistance zone with a bearish engulfing candle and negative divergence on the 4H. Our Entry Zone at 3.30-3.45 captures the distribution area. The Stop Loss at 3.62 sits above the recent high. Downside targets at TP1 $3.00, TP2 $2.75, and TP3 $2.50 align with the next liquidity pools. This SHORT setup has high conviction because the rejection and expanding sell volume confirm the start of distribution.
Will UNI continue lower after this rejection?
Click below for trade 👇
DYOR & manage risk!