#GateStockInsightsChallenge

‍$UNITREE is cooling down after the IPO surge. Here’s what I think

The 4H chart shows exactly what I anticipated after that fast upward movement.

Price jumped from around 70 to 80 all the way up to 155 or more in one green candle typical IPO FOMO then faced strong resistance. Now it is moving back. Staying between 100 and 105.

Important levels at the moment:

Resistance: 123 to 125 BB upper + pevious high area
Immediate support: 100 to 102

support: 95 to 96 50 MA and 85

RSI is now neutral at about 48 MACD is flattening and the volume is still high on the red candles. Sellers are still active but not in full panic mode yet.

My opinion:

This is a phase after an IPO. The long-term robotics story humanoid and quadruped and embodied AI is still very strong. The price after a 460 to 600 percent increase on the first day needs some time to settle.

Trading approach I am keeping an eye on:

Bullish only if it goes back up and stays above 123 to 125 with volume

term: looking for a rebound from 100 to 102 or 95 for a quick gain toward 115 to 120

If it drops below 95 clearly the next target is 85

Not rushing the first rebound. Waiting for proof.

What is your plan for UNITREE, from here?
‍@Gate_Square@Gate 广场@Gate Live 华语