Regarding UAI's recent trend, I have summarized the technical situation. This coin surged significantly the day before yesterday, rising nearly 50%, but it remained stuck at a key resistance level without a successful breakthrough. By yesterday, the trend showed a clear correction, especially on the 1-hour chart, where a double top pattern has already appeared—this typically indicates that a bullish rally may be coming to an end.



From a market logic perspective, large investors often choose to dump at such nodes, pushing the price back down to re-accumulate, preparing for the next rally. Currently, this upward movement is indeed facing resistance.

If you want to participate in trading, my idea is to consider a short position around 0.195, with a stop-loss set above 0.204 to avoid the risk of being lured into a false breakout. Partial profit-taking can be done at these levels: the first at 0.191 to exit part of the position, then reduce further at 0.179, and if it breaks below 0.165, the remaining position can be held to target a deeper decline.

Of course, these are just observations based on the current technical analysis; actual trading should be adjusted according to your own risk tolerance.
UAI9,12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MevTearsvip
· 17h ago
Whenever a double top appears, I think of the disastrous crash last time. This time, I have to watch the big players' moves to decide my next step.
View OriginalReply0
zkProofInThePuddingvip
· 01-15 14:02
I knew it was going to crash the moment the double top fell. I agree with this bearish outlook, just worried about being trapped again by a trap and false signals.
View OriginalReply0
PanicSellervip
· 01-15 13:55
As soon as the double top appears, I know it's going to crash. I've been playing this trick for years and I'm already tired of it.
View OriginalReply0
PancakeFlippavip
· 01-15 13:55
The double top has been broken down. This wave is indeed tough. A few days ago, I was thinking of chasing higher, but luckily I didn't make a move.
View OriginalReply0
TopBuyerBottomSellervip
· 01-15 13:51
The double top has appeared again. This time, the big players won't crash; my name is written backwards.
View OriginalReply0
ChainChefvip
· 01-15 13:33
nah that double top is looking kinda sus honestly... like watching your soufflé collapse right before serving. maybe the whales are just prepping the mise en place for round two, who knows fr
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)