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UAI's recent price movement has been quite painful. From yesterday's high of $0.1469, it has fallen all the way down to $0.1380, nearly a 6% drop in a single day. After reaching a peak of $0.1502 earlier, it started to rebound at high levels. Currently stuck at $0.1385, it has broken below the MA7 and MA25, almost touching the 24-hour low. All three moving averages are in a bearish alignment, indicating significant resistance.
Trading volume has not shown effective support, with only about 20.96 million UAI traded in the past 24 hours, equivalent to less than 3 million USDT in trading volume. It appears that there is a lack of buying support during the decline. From a weekly perspective, today’s drop is 3.69%, and over the past week, it has lost 21.44%. Whether short-term or medium-term, the downward trend is quite solid.
Regarding the upcoming trading strategy, my advice is as follows—
If you want to catch the bottom, don’t rush. If you insist on trying a short-term rebound, you can try a small position in the $0.139 to $0.140 range, but only as a rebound opportunity, not as a main strategy. For those looking to short, I recommend waiting until it rebounds to between $0.140 and $0.142 before building a position, which could improve the win rate.
Profit-taking can be layered: the first level at $0.137, the second at $0.135, and the last at $0.133. If the price breaks above $0.143, it indicates that the short-term downtrend may temporarily pause. At that point, consider stop-loss or at least exit the risk position.
Honestly, during this decline, I haven't seen any effective rebound support, so trying to catch the bottom is likely to result in being trapped. My suggestion is, unless two signals appear, avoid heavy positions: first, a volume breakout above moving average resistance forming a bottoming pattern; second, a clear reversal signal—such as a volume surge with a long bullish candle reclaiming key levels, or divergence at the bottom. Until these two conditions appear, it’s better to wait. For short positions, follow the moving average resistance and position accordingly; for longs, be more patient and wait for clear reversal signals before acting.