$UNI That bearish candle was enough to make your scalp tingle—it plunged straight from 7.15 to 6.33 in 24 hours and is now hovering at 6.47, down 6.75%, with trading volume of 257 million. People in the group are already asking, “Is it going to zero?” I’ve been watching the order book for half an hour, and bulls and bears are really battling it out here. Let me break it down for you.

Bullish case: First, the low at 6.33 landed right in a previous zone of heavy trading, and the long lower wick followed by a recovery suggests buyers stepped in. Second, trading volume rose to 257 million, with plenty of panic selling coming through; a thorough turnover can provide the fuel for a rebound. Third, as a leading DEX, UNI has fallen even harder than the broader market this time, and sentiment-driven sell-offs often see a recovery once they go too far.
Bearish case: First, after dropping from 7.15 to 6.33, the rebound can’t even hold above 6.5—the bounce looks unmistakably weak. Second, volume has increased, but a high-volume decline means selling pressure may not have run its course, so catching a falling knife could hurt. Third, 6.5 is today’s dividing line between bulls and bears; failing to reclaim it would mean the decline is continuing.
My take on trading: Don’t rush to go all in at the current price. Try a small long position around 6.3–6.4, with a stop-loss strictly below 6.25—if it breaks below that, accept the loss. The first rebound target is 6.7; take half off there. Keep your position below 20%—with this kind of long-wick action, the biggest mistake is betting big on direction. I’ve placed a limit order at 6.35; if it doesn’t fill, I’ll wait and see what happens tomorrow morning.
Whether this move is a shakeout or a trend reversal is up to you to decide—comment 1 if you think it’ll rise, 2 if you think it’s about to crash. Follow me; I’ll post in the Square as soon as anything unusual happens intraday. #每周来晒 #Gate广场中秋团圆局