UNI has recently gained a lot of follow due to the destruction of 100 million tokens. The stimulation from the news, combined with the support from the technical aspects, has indeed provided traders with a lot of imagination.

From the perspective of the Chande theory, UNI has shown a top divergence signal on the 30-minute chart, which usually indicates that the momentum of the short-term rebound is starting to weaken. More critically, a new decline is unfolding on the four-hour chart (Figure 1), and this decline essentially constitutes a second buying pattern at the four-hour level (Figure 2).

In other words, the current pullback is not a bad thing—it provides an opportunity for those who want to get involved. Based on the current support levels and key points, one might consider gradually positioning long positions within the range of 5.82 to 5.92. Once the pattern is confirmed, the targets can be set towards the resistance levels of 6.2 and 6.4. Of course, risk management is crucial, and it is advisable to set a stop-loss below 5.55.

Overall, the token burn is positive + the technical second buy signal, and the combination of both indeed provides a good operational window for UNI. The key is to grasp the rhythm, don't chase the highs, wait for a pullback to get in.