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Look at $UNI right now, it’s doing that thing again where everyone thinks it’s dead.
The price is sitting at 3.244 and honestly, it’s looking pretty heavy. We had that massive spike up to 4.588 yesterday but it got sold off almost instantly. That long wick is a classic sign of exhaustion.
Right now, we’re grinding right above the 3.213 low. If that level breaks, there isn’t much holding it up from a deeper slide. The volume is okay at 16M but the green candles have no follow-through. It’s just sideways chop for now.
I’m watching the 3.40 level closely. If we can’t reclaim that soon, the bears are going to keep pressing this down. Staying on the sidelines for this one until a clear floor is established.
#GateSpringFestivalHorseRacingEvent