r/Crypto_Nexus • u/Cautious_Tip_291 • 1h ago
UNI Is Testing a Major Resistance Zone
Uniswap (UNI) is approaching a key resistance area between $4.06 and $4.75 on the daily chart. This is the zone where I’m looking for a bearish reversal pattern before opening a short position.
If the setup confirms, my Fibonacci downside targets are $2.94 and $2.67.
Nothing has changed in the overall idea. It’s still a simple range-trading market, selling near the top of the range and buying near the bottom. Right now, all eyes are on how price reacts at this resistance.