We have broken below a key parallel structure, similar to Feb 15.
Currently, we are consolidating within the small parallel channel I've drawn.
Either this structure is a consolidation pattern, or a bear flag, depending on the way you draw it.
I stay bullish on UNI in the long term - ESPECIALLY if we enter a alt-cycle where you have to use UNISWAP to get access to low cap coins.
A margin position seems TOO RISKY. We do not know yet which side the price will break to.
Currently, we are consolidating within the small parallel channel I've drawn.
Either this structure is a consolidation pattern, or a bear flag, depending on the way you draw it.
I stay bullish on UNI in the long term - ESPECIALLY if we enter a alt-cycle where you have to use UNISWAP to get access to low cap coins.
A margin position seems TOO RISKY. We do not know yet which side the price will break to.
Trade closed: target reached