UAIUSDT.P: short setup from daily support at 0.1160

UAIUSDT.P initially attempted to move higher after listing, but now the price is at the 0.116 support level.
This level is based solely on the initial listing price, making it critically important — a move below it could trigger an uncontrolled drop.
The asset is consolidating directly above the level, which often precedes a downward breakout.
This creates a potential short setup: low volatility, no signs of recovery, and no visible buying pressure.
The only possible bullish case is if the asset gets “rescued” once it dips below the listing price, though that seems unlikely.
I’d wait for the daily candle to close, and ideally — for the price to remain hovering just above the level tomorrow, showing no buyer strength.
Key factors for this scenario:
Factors that contradict this scenario:
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This level is based solely on the initial listing price, making it critically important — a move below it could trigger an uncontrolled drop.
The asset is consolidating directly above the level, which often precedes a downward breakout.
This creates a potential short setup: low volatility, no signs of recovery, and no visible buying pressure.
The only possible bullish case is if the asset gets “rescued” once it dips below the listing price, though that seems unlikely.
I’d wait for the daily candle to close, and ideally — for the price to remain hovering just above the level tomorrow, showing no buyer strength.
Key factors for this scenario:
- Global & local trend alignment
- Price void / low liquidity zone beyond level
- Volatility contraction on approach
- Repeated precise tests of the level
- Closing near the level
- Closing near the bar's extreme
Factors that contradict this scenario:
- Lack of consolidation
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Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
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Trading facts, not expectations.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.