UAIUSDT.P: short setup from daily support at 0.1160UAI / TetherUS PERPETUAL CONTRACTBINANCE:UAIUSDT.PThe_Traders_HouseUAIUSDT.P initially attempted to move higher after listing, but now the price is at the 0.116 support level. This level is based solely on the initial listing price, making it critically important — a move below it could trigger an uncontrolled drop. The asset is consolidating directly above the level, which often precedes a downward breakout. This creates a potential short setup: low volatility, no signs of recovery, and no visible buying pressure. The only possible bullish case is if the asset gets “rescued” once it dips below the listing price, though that seems unlikely. I’d wait for the daily candle to close, and ideally — for the price to remain hovering just above the level tomorrow, showing no buyer strength. Key factors for this scenario: Global & local trend alignment Price void / low liquidity zone beyond level Volatility contraction on approach Repeated precise tests of the level Closing near the level Closing near the bar's extreme Factors that contradict this scenario: Lack of consolidation Was this analysis helpful? Leave your thoughts in the comments and follow to see more.