Looking at shorting UNI-PERP down to the 38 or 50 fib retracement on the daily which would still indicate a new bullish run.
This is a riskier trade as it's technically counter trend trading, but i like the setup for the below reasons:
It has hit a level of resistance/supply zone on the daily and is rejecting. looking like about to form an evening star on the...
Here's what I'd be looking at if the market sh!ts any harder. A solid close below the 0.618 would see me play this short scalp. happy to flip bias, if! the 0.618 holds or wicks below, but closes above. therefore seeing us chop in this horizontal range