UNI 30% short opportunity
UNI is currently trading above the 38% support from the tradingrange it developed since the low of mid June 22.
- Supported was already tested 4 times. trading below this would be a serious indication that the total range low will be revisited.(-30% from current price)
- Recently it was rejected at the 62% golden zone.
1,23 extension of the range sits around 2.75USD, something to keep an eye on. (-45% from current price)
trigger would be to if current support is flipped in resistance.
It should play out in one of the 2 scenarios.
- Supported was already tested 4 times. trading below this would be a serious indication that the total range low will be revisited.(-30% from current price)
- Recently it was rejected at the 62% golden zone.
1,23 extension of the range sits around 2.75USD, something to keep an eye on. (-45% from current price)
trigger would be to if current support is flipped in resistance.
It should play out in one of the 2 scenarios.
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