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Wait, did everyone just look away at the wrong time?
$UAI is finally showing some signs of life after that brutal bleed from the 0.63 local top. We’ve been flatlining for weeks, but the last couple of candles are actually starting to print higher lows.
The volume is still a bit thin, but we’re seeing a 20% bounce today which puts us right back at a minor resistance level. If we can flip 0.25 into support, the path to 0.30 looks pretty clear.
Honestly, it looks like the sellers are exhausted. I’m watching the order book closely because the "Asks" are still outweighing the "Bids" by a lot, so we might see one more fakeout before a real move.
I’m not chasing this green candle yet, but I’ve got my alerts set. Slow and steady wins this one.
#GateSquareAprilPostingChallenge