UNI · 1H · DOWNTREND

The short from my last read is fully paid — both targets at 7.23 and 6.81 were reached, and price has since pushed even lower to 6.587 before bouncing back to current 6.70. That's a completed move, and the short thesis has resolved. The daily trend is down, lower highs and lower lows are intact, and the bounce I'm watching now looks corrective rather than structural — no reclaimed swing high, no base, just a relief rally inside a broken chart. I'm not chasing this short from here at 6.70 with dense liquidation clusters stacked immediately below at 6.53, 6.34, and 6.26 — those clusters are spent fuel on the way down and the first meaningful magnet below me is already close enough to cap the reward. What I'm actually waiting for is a rally back into the 6.97–7.00 zone — that's the first resistance above, prior structural support flipped overhead — and then a rejection close to confirm the downtrend is still in control. The active addresses and network growth data from the recent fundamental read tells me there's demand-side interest in UNI, but the price structure disagrees and structure wins the tie.