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$UAI's recent trend is quite interesting. After experiencing three consecutive days of decline, the market rebounded today. From the daily chart, a clear bottoming reversal pattern has formed, indicating that selling pressure may have eased. Looking at the 1-hour chart, the bottom structure is quite clear, and the 15-minute cycle shows a steady upward trend.
The fundamentals of the coin are actually not bad. Since the launch of contract trading, it has maintained continuous chip accumulation, but there has been no significant surge. This time, a breakout from the bottom has triggered another move, and the current price level is indeed worth paying attention to.
If you are optimistic about this direction, you might consider positioning for a long at the technical support level. It’s important to note that there may be minor shakeouts or consolidations before the rally, which is quite common. If you make the right call, the gains can be substantial, but you must be responsible for your operations and strictly manage risks. Of course, if your judgment is wrong, you can also decisively switch strategies.