Recently, while watching the market, I noticed a piece of news: a big Whale has quietly accumulated 1.68 million UNI over the past week, with unrealized gains reaching 1.37 million dollars. Sounds like favourable information, right? But looking closely at the 4-hour chart, things aren't that simple.

**There is a detail in the news that is easy to overlook**

After this Whale news came out, many retail investors' first reaction was to follow the trend. But there's a problem here: the Whale's cost price was $5.2, and now UNI has already stood above $6. The profits are already substantial. Coupled with the fact that the relevant proposal has already been passed, the potential Favourable Information may have long been digested by the market. In this case, the next step for large holders is usually not to continue to increase their positions, but to gradually exit — in other words, when you rush in, you might just be catching their sell orders.

**The technical indicators show a tug-of-war between bulls and bears**

When looking at the K-line, you can feel a clear confrontation. The MACD has a death cross at a high position, and the bears use this signal to press the price down; while the bulls are trying to push up with favourable information from the whales. Both sides are in a tug-of-war at a key position.

Specifically: The upper resistance is at the two levels of 6.425 and 6.740. If it cannot break through, it is likely to reverse. The 6.120 level below is a key support; once it breaks below this, the next target is likely 5.860. It is particularly worth noting that the trading volume is now shrinking, indicating that market participation is declining, and both bulls and bears are waiting for clearer signals.

In this situation, rather than blindly chasing the rise or cutting losses, it is better to set stop-loss orders at key positions and wait for the trading volume to increase again before making a decision.