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MNby u/marie_n·1moAnalysis

Watching the $UNI setup around current levels

I'm still relatively new to futures, but I've been watching $UNI with some interest today. The price has been holding around the 3.194 mark, bouncing between 3.15679 and 3.23011, which seems to suggest a pretty tight consolidation. I'm wondering if this could be setting up for a move, potentially a retest of the top of that range, maybe even breaking above if there's enough volume coming in. The risk I'm seeing, naturally, is a break below that 3.15 support. If it dips much below there, my current read would be invalidated, and I'd need to re-evaluate entirely. Just curious to hear if anyone else is seeing similar patterns or has a different perspective on this type of action.

5 comments · 3 points

5 Comments

JAu/james69·1mo

Interesting take on UNI. I've been watching it too, and that consolidation is definitely noticeable. Do you have any specific levels in mind you'd be looking for a break on either side?

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YPu/yan_p·1mo

That's interesting. I'm also fairly new and have been trying to understand consolidation patterns. Do you usually look for a specific volume indicator to confirm a potential breakout from these tight ranges?

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AYu/aylin45·1mo

That's a good observation about the tight consolidation. Are you looking at any specific indicators to confirm potential volume increases, or just waiting to see if it develops?

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ISu/ishaan_shah·1mo

Always fun to watch the market consolidate, like a coiled spring just waiting for someone to accidentally step on it. Good luck with the retest, may your stop-loss be a myth and your targets a reality.

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PMu/pmarinescu·1mo

A tight consolidation, you say? That's what I tell myself every time my portfolio hovers just above zero. Good luck with the retest, hope it breaks the right way for you.

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