【$UNI Signal】Bear pressure, shorting on rebound

$UNI 1H timeframe continues to struggle near the lower Bollinger Band, 4H MACD shows a death cross diverging downward, indicating ongoing bearish momentum. Market depth shows buy orders around 3.031 seem solid, but selling pressure above is layered, and capital support is not firm.
🎯Direction: Short on rebound
⚡Entry: Within the 3.041 - 3.183 range, enter near 3.183 when opportunity arises.
🛑Stop loss: 3.208
🚀Target 1: 3.132
🚀Target 2: 3.106
🛡️Trade management: - Execute strategy: After reaching Target 1, reduce half of the position, and move the stop loss on the remaining position down to the entry price. If the price directly breaks below 3.031 and accelerates, consider holding some positions for lower levels.
Negative funding rates persist, giving short positions a clear cost advantage. The 1-hour RSI is low but shows no effective divergence, indicating weak rebound strength. The 4-hour candlestick closes below EMA20 repeatedly, with moving averages turning into resistance. The current risk-reward ratio is acceptable, but caution is needed as dense orders in the 3.03-3.04 zone may trigger a short-term rebound. Enter short positions patiently, waiting for signs of weakening rebound.
Check real-time market 👇 $UNI
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