$UNI breached the 24-hour low: current price 6.921, previous low 6.962.
After the breakdown, watch two things:
· Will the previous low of 6.962 turn from support into resistance (a rebound that fails to break through)?
· Was there a surge in volume during the drop? A low-volume breakdown could just be a bear trap.
What reasons do you each have for going long or short?
After the breakdown, watch two things:
· Will the previous low of 6.962 turn from support into resistance (a rebound that fails to break through)?
· Was there a surge in volume during the drop? A low-volume breakdown could just be a bear trap.
What reasons do you each have for going long or short?
