UNI's recent decline has been quite sharp. After dropping from the high of 6.3, each rebound has been weaker than the last, and it has now broken through several moving averages. Looking at the 1-hour candlestick chart, the bearish pattern is already very clear. Each rebound's high is getting lower, and the lows are also making new lows.
Mainstream cryptocurrencies are now somewhat weak, and the overall market trend has not yet shifted to a reversal. Instead of waiting for a rebound to confirm a reversal, it's better to focus on shorting opportunities—rebounds are often the entry points for bears. This approach should still be useful in the short term.
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SandwichTrader
· 01-11 07:46
A rebound is a good opportunity to sell. Whoever takes the UNI in this wave will suffer losses.
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PancakeFlippa
· 01-09 23:57
The bears are starving, and this rebound is indeed a good opportunity.
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SignatureCollector
· 01-08 09:51
The short squeeze is really coming, and the rebound is the window to escape.
UNI really needs to defend now; those who chase the next rebound are all cannon fodder.
This looks like a good shorting point—betting on a rebound and then smashing it?
Mainstream coins are so weak that there's probably no hope in the short term.
The rebound high points keep getting pushed down, and that's the most obvious signal.
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GweiWatcher
· 01-08 09:42
This wave is indeed violent, with rebound highs getting lower and lower, and the bearish momentum is very steady.
UNI still needs to be watched; there's no rush to catch the bottom.
All moving averages are broken, which is truly weak.
Rebounds are smashed straightforwardly and brutally.
Mainstream coins are all lacking energy; the overall atmosphere just feels off.
It's safer to short this wave, wait for the rebound to reach a high point before going long.
With so many breakouts, who would dare to buy the dip?
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TokenRationEater
· 01-08 09:34
The bears continue to exert pressure, so I run when there's a rebound.
UNI's pace is indeed a bit rapid; each rebound is lower. I do agree with the short-selling approach.
From 6.3 to now, mainstream coins are all losing momentum.
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zkProofGremlin
· 01-08 09:30
The idea of shorting entry points is indeed ruthless; sell on rebounds. The problem is, how many times can it be smashed?
UNI really has no temper; a month ago, it was still bullish at 6.3, and now it's back down.
Mainstream coins have all weakened; this wave really calls for focusing on shorting points.
Feels like every rebound is a trap to lure buyers; I've already fallen for it twice.
In the short term, this rhythm can still be followed, but I'm worried about a sudden reversal crushing me.
UNI's recent decline has been quite sharp. After dropping from the high of 6.3, each rebound has been weaker than the last, and it has now broken through several moving averages. Looking at the 1-hour candlestick chart, the bearish pattern is already very clear. Each rebound's high is getting lower, and the lows are also making new lows.
Mainstream cryptocurrencies are now somewhat weak, and the overall market trend has not yet shifted to a reversal. Instead of waiting for a rebound to confirm a reversal, it's better to focus on shorting opportunities—rebounds are often the entry points for bears. This approach should still be useful in the short term.