Uniswap ran 129% in 22 sessions, from $3.16 to a two-month high of $7.25, before easing back to $7.03 - a very steep advance in a very short time.
Stop orders cluster just above the $7.25 high, so price often spikes through it once and reverses, and that same level is where the top of the two-month advance, an overheated buying gauge and the final stage of the rally all overlap.
If instead price closes and holds above $7.50, the advance is simply continuing and this read is wrong - which is why the stop sits just above the prior high rather than below it.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
