$UNI in this BTC pullback only dropped as low as 8.7, which just happens to be my initial entry cost, and then it never went below 9 again. The performance is still very strong. Obviously, some people are buying during this pullback, and where there are buyers, there are naturally sellers. UNI has currently attracted excessive attention, with many influencers discussing it. So, I need to be more cautious.
Looking at UNI exchange reserves, they have reached a historical high. In the past month, a large amount of UNI has flooded into exchanges, clearly indicating profit-taking is coming. I'm worried the main players will dump a wave here, fangshouyibo.
UNI might have two scenarios:
Scenario A: Move up, break away from the 9-dollar cost zone.
Scenario B: If BTC pulls back (if it does), there’s a chance to catch coins at 7 or 6 dollars.
The first batch of positions was established at 8.7, and I reduced some at 9.2.
For the second batch, I will either chase to 10 in Scenario A or catch at 7/6 in Scenario B, depending on BTC’s movement. If it rallies too fast, I won’t build positions because I’m still afraid the main players will dump. If BTC pulls back 20-30% and altcoins crash, I’ll get in. This batch will be my core position.
For the third batch, if it continues to break below 6, I’ll buy more the lower it goes.
After building positions, the most important thing is to hold through a 30-50% pullback in UNI (possibly even higher), because there are still 7 months until the halving. It will be a very turbulent period, and many people will be shaken out. I hope those who build positions won’t blame me if UNI crashes hard later.
If you can’t hold, you can at least sell at 20 and get off. If you can hold, hold until it reaches a new all-time high.
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