🚨 I THINK THE TREND IS ABOUT TO REVERSE
The rally in $UAI has been very strong, but I believe it's reaching the point where buyers are starting to lose control.
I'm expecting tomorrow's daily candle to close red, which could be the first sign of a bigger trend reversal rather than just a small pullback.
📉 SHORT trade
◉ TP 1: $0.38
◉ TP 2: $0.34
◉ TP 3: $0.30 or lower
Parabolic moves rarely continue forever. After several strong green candles, a reversal becomes more likely as traders begin taking profits.
For now, I'm staying on the bearish side and watching whether the daily chart confirms this idea.
$UAI
The rally in $UAI has been very strong, but I believe it's reaching the point where buyers are starting to lose control.
I'm expecting tomorrow's daily candle to close red, which could be the first sign of a bigger trend reversal rather than just a small pullback.
📉 SHORT trade
◉ TP 1: $0.38
◉ TP 2: $0.34
◉ TP 3: $0.30 or lower
Parabolic moves rarely continue forever. After several strong green candles, a reversal becomes more likely as traders begin taking profits.
For now, I'm staying on the bearish side and watching whether the daily chart confirms this idea.
$UAI