Technical analysis by CryptoSheykh about Symbol UNI: Sell recommendation (4/13/2025)

🔥 UNI/USDT – Approaching Key Short ZoneUniswap (UNI) has formed a rising wedge structure after rebounding from local lows. Price is now nearing a critical short zone around 5.762 – 5.804, where sellers could potentially step in if UNI fails to break above with conviction.🟣 Zone to Watch“Possible Short Zone” (in purple) — a high-probability entry area for short trades given the overhead resistance and wedge convergence.🔴 Entry Points:Entry 1: ~5.762 (initial level)Entry 2: ~5.804 (upper boundary)📉 Momentum & SetupChart Formation: The rising wedge often suggests bullish exhaustion; a decisive break below wedge support can signal a bearish shift.Volume Consideration: Look for a sell-volume uptick or a clear rejection around 5.70 – 6.2 to confirm the short setup.🟢 Take-Profit Zones✅ TP1: ~5.549✅ TP2: ~5.315✅ TP3: ~4.957✅ TP4: ~4.244 (Extended downside if momentum persists)❌ Invalidation Level: 6.265+(A strong close above this level indicates a bullish breakout from the short window.)🧠 NarrativeThis setup highlights a possible bearish retest, as UNI’s rebound has propelled price into a narrowing wedge near major resistance. Should buyers fail to push beyond 5.70, aggressive sellers may anticipate a correction. A volume-backed rejection here could see UNI retrace to lower support levels.🎲 Market ContextMonitor broader crypto sentiment and Bitcoin’s performance; strong market momentum could negate the bearish bias, while a market-wide pullback may accelerate downside.📌 Risk ManagementPosition Sizing: Adjust to your risk tolerance and never overexpose.Stop-Loss: Place it above 6.265+ to avoid unexpected breakouts.Remain flexible and reevaluate if price action shows continued strength above the wedge.