$UNI - SHORT Setup
Time Frame: 4H Chart (Day Trade)
Signal: Failed attempt to break key $6.50 resistance amid bearish market sentiment (Extreme Fear). Lacks volume confirmation for a sustained rally.
Entry: $6.15 - $6.20
T1: $5.90 (Classic Pivot Support S1)
T2: $5.62 (Classic Pivot Support S2)
SL: Above $6.50 (Break of Immediate Resistance)
Context: Price consolidating after recent volatility from the Unification upgrade. A break above $6.50 is needed to invalidate the bearish short-term structure, while a hold below it favors a retest of lower supports.
