$UNI / USDT –

This chart is defined by a single event: a sharp liquidity expansion from the 3.22 base into 4.57, followed by immediate rejection. That vertical candle is not trend continuation it’s liquidity being taken above a thin range.

After the spike, price sold off aggressively and has now compressed back around 3.40–3.45. That tells you two things:
first, late buyers at the highs are trapped; second, price is back inside the prior value area.
Structure on the 1H is neutral to weak. The impulse high at 4.57 stands as clear buy-side liquidity already cleared. Since then, we’ve seen lower highs and muted volume classic post-distribution behavior.

The 3.20–3.25 zone is the key demand area. That’s where the move originated and where real buyers previously stepped in. A controlled revisit there would not be surprising. Acceptance below 3.20 invalidates the current base and opens continuation lower.

If price can hold above 3.40 and start reclaiming 3.60, that would suggest absorption and potential re-accumulation. Until that happens, this is range behavior after a stop run, not a trending market.

No need to chase. Let price show whether it’s building value or unwinding excess. Discipline here is simply waiting for structure to become clear.