$UNI After a rapid rebound following a surge in volume on the 4-hour level, it has quickly retreated and is currently in a phase of reduced volume consolidation, forming a bearish continuation pattern. The price is suppressed below EMA20 (3.429), and the depth imbalance is only 0.74%, indicating weak buying support.
🎯 Direction: Flat
Market Analysis: The 4-hour candlestick shows that after reaching a high of 3.918, the price has continued to close in the red, with the buy/sell ratio dropping from 0.54 to 0.44, indicating increased active selling pressure. Although the funding rate is negative (-0.0159%), the open interest (OI) trend remains stable, and there are no conditions for a short squeeze as OI has not increased; it is more of a natural pullback after a rebound.
Logical Hard Core: Key resistance is formed by the previous high of 3.918 and the descending trend line at EMA50 (3.557). The current price is swinging narrowly around 3.37, but the order book shows that the sell wall (Asks) has significantly thickened in the 3.375-3.385 range, creating upward resistance. RSI (47.04) is in a neutral to weak area, with no divergence signals.
Risk Control Perspective: The ATR is 0.2148, indicating moderate volatility. Before the price effectively stabilizes above EMA20 accompanied by rising OI and a recovery in buying depth, long positions lack logical support. Currently, it is in a disordered oscillation with insufficient win rates; one should stay flat and wait for a clear reaction at key levels (such as 3.30 support or 3.55 resistance).
Trade here 👇$UNI
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