UNIUSDT: local squeeze with $3.50 destinationUNI / TetherUSBINANCE:UNIUSDT3CommasThe Macro Picture 🗺️ One week ago, the read on this chart called for a reclaim of the $3.00 supply flip and a push toward $3.50. UNI delivered cleanly — and then overshot. Price drove from $2.95 through $3.50 and tagged $3.70 on June 18 before rolling into a controlled correction: a 50% retracement of the V-recovery leg with RSI cooling from a peak of 65 to the 45 midline. Price now sits at $2.95, retesting the same supply flip zone bears defended on the way up — but this time from above, where the role has flipped to support. The structure is in a local squeeze, compressing volatility before the next directional resolution. The Setup ⚙️ The Validation: The June 16 reclaim of $3.00 ignited an impulsive leg that not only hit the $3.50 target but extended 6% beyond it to $3.70. That overshoot confirmed the regime change call — the capitulation at $2.40 was a sweep, not a continuation signal, and the broken Range Floor that flipped to ceiling on the way down has now flipped back to support on the way up. The Squeeze: The pullback from $3.70 has compressed price into the $2.85–$3.00 absorption pocket, where every dip below $3.00 has been bought within hours. RSI sitting on the 50 midline with the signal line beginning to curl upward signals momentum reset rather than reversal — the textbook profile of a continuation squeeze, not a top. The Support Flip: The $2.90–$3.00 zone that capped the bounce on June 8 now serves as the high-confluence floor of the next leg. A clean defense here with absorption candles and no daily close below $2.85 keeps the bullish structure intact and reloads the path toward $3.50. The Roadmap: Primary target sits at $3.50 — as indicated by the white projection, the path of least resistance points toward the mid-resistance reclaim once the squeeze resolves upward, with $3.70 as the extension level if momentum carries. Invalidation: a sustained daily close back below $2.85 would invalidate this bullish thesis and reopen the path toward the capitulation low.