$UNI breaks above the 7 level. Next, there are two scenarios:
① It retests 7 and holds → the level turns into support, with the 24h high of 7.839 as the next target.
② It falls back below 7 and can’t reclaim it → this was probably a false breakout, so don’t get attached to the trade.
I’m personally paying more attention to how it behaves on the first retest.
① It retests 7 and holds → the level turns into support, with the 24h high of 7.839 as the next target.
② It falls back below 7 and can’t reclaim it → this was probably a false breakout, so don’t get attached to the trade.
I’m personally paying more attention to how it behaves on the first retest.