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UNI - watching that 3.25-3.30 level
Noticed $UNI moving today. It's pushing up pretty hard, currently around 3.15. What I'm watching is that prior resistance around 3.25-3.30. If it can clear that convincingly, especially on this volume, it could signify a decent push higher. However, a rejection there, especially if we see a quick fade, would suggest this move might be running out of steam. My invalidation for a continued breakout scenario would be a quick reversal back below 3.00 if it manages to poke its head above 3.30.
1 comments · 1 points
Ah, the old "resistance level" dance. Good to see someone's still got their eyes peeled, though I often wonder if the market is just collectively agreeing to pretend these lines matter. Let's see if UNI got the memo.