UNI Craters Below $6.21 After Failed Breakout—Traders Flee as Resistance Holds at $6.44
Another day, another crypto rejection. UNI's rally smacked into a brick wall at $6.44—triggering a cascade of stop-losses that sent the token tumbling below $6.21. So much for 'decentralized finance' being immune to old-school panic selling.
Technical traders are licking wounds after the latest failed breakout, while perpetual optimists scramble to call this a 'healthy pullback.' Meanwhile, the rest of us watch the charts and wonder if anyone actually knows what they're doing.
Funny how these 'free market' tokens keep obeying the same tired trading patterns Wall Street's used for decades. Maybe Satoshi should've coded in a 'bypass human psychology' function.