$UNI Broke below the 7-day low: current price 6.858, previous low 6.934.
After the breakdown, watch two things:
· Will the previous low of 6.934 turn from support into resistance (will a rebound fail to break above it)?
· Was there an increase in volume when it broke below the level? A low-volume breakdown could just be a bear trap.
What reasons do you each have for going long or short?
#UNI
After the breakdown, watch two things:
· Will the previous low of 6.934 turn from support into resistance (will a rebound fail to break above it)?
· Was there an increase in volume when it broke below the level? A low-volume breakdown could just be a bear trap.
What reasons do you each have for going long or short?
#UNI