【$UNI Signal】Negative funding rate sideways, long positions betting on a rebound

$UNI Negative funding rate -0.0169% but the price is stuck at 3.678, selling pressure continues but fails to break below 3.66. The 4H Bollinger Band middle line at 3.706 acts as a short-term resistance, while the lower band at 3.542 is still far away. The MACD histogram shows negative values converging, indicating weakening bearish momentum. RSI at 47 is in a neutral to slightly low zone, with no signs of overbought conditions. Buy orders are densely clustered around 3.66, showing clear willingness to absorb. In this negative funding rate environment, sideways consolidation often signals a direction choice, with a decent risk-reward ratio.

🎯Direction: Long

⚡Entry/Orders: 3.662 - 3.689

🛑Stop loss: 3.632

🚀Target 1: 3.802

🚀Target 2: 3.859

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

Deep logic: Negative funding rate combined with stable open interest (OI), long positions have low cost, short positions face high funding costs. Once the price stabilizes above 3.70, it can easily trigger short covering. The 4H MACD bottom divergence is not confirmed yet, but shrinking green bars suggest easing selling pressure. Spot buy orders are supporting around 3.66, with a short-term rebound potential of about 3%+.

Check real-time market 👇 $UNI
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