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The daily candle on $UNI finally showed some signs of life, but I’m not sure we’re out of the woods just yet.
We’ve been bleeding for weeks, and that 3.057 level is held by a thread. Seeing a tiny green bounce here is a relief, but the volume is still pretty dry.
If this is just a relief rally, we might stall out around the 3.26 zone before another leg down. I'm waiting to see if it can actually flip the recent breakdown level into support or if this is just a "dead cat" situation.
Keeping a close eye on the order book. The asks are stacking up, so bulls have a lot of work to do.
Holding tight for now. Let's see if the bulls have any real gas.
#GateSquareAprilPostingChallenge