icemansuper

UNI is likely to trigger retail's stop loss before going up

Short
BINANCE:UNIUSDT   UNI / TetherUS
UNIUSDT
UNI is likely to trigger retail's stop loss before going up
1. From May 23 till now, UNI is moving in a broad trading range between 13 and 31; Now it's contracted to a triangle, waiting for new price action to break out.
2. From volume profile and price level, we can easily find out that the yellow box is institutional's position average cost while the green one is retail's. From institutional's perspective, it will bring more fuel to the market by triggering retail's stop loss before going up.
3. There probably be many stop loss orders placed in the red boxes by retial. Thus, it's likely that institutional push the price down to the bottom of the range to trigger all these retail orders' stop loss. Then, they can buy in a cheaper price. And more bulls will join in at the bottom of range to make a surge.
4. As a conclusion, this idea is just one guess, not prediction. As a retail, it's better to plan your trade in advance and be always on the alert.

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