A kinda risky but a good opportunity for a short trade on UNI/USDT BYBIT.
Consolidation could have been better, so this trade is a kinda risky one, as stop loss are kinda high also. I would not go into this trade with high leverage.
But the potential are there and its looking well, kinda depends on btc for now. As btc daily closed below 52k, the risk for a pullback are kinda high, so this trade also depends on what btc would do. But i have taken some tp lines at where i would take profit, and move stop loss to first tp and ride the trade for free. If the price were to go up you would breakeven.
Consolidation could have been better, so this trade is a kinda risky one, as stop loss are kinda high also. I would not go into this trade with high leverage.
But the potential are there and its looking well, kinda depends on btc for now. As btc daily closed below 52k, the risk for a pullback are kinda high, so this trade also depends on what btc would do. But i have taken some tp lines at where i would take profit, and move stop loss to first tp and ride the trade for free. If the price were to go up you would breakeven.