$UNI has broken below its 30-day low; selling pressure is not over.
Current price: 5.872, below the previous low of 5.924. 24-hour trading volume: US$43.92 million.
There are often many stop-loss orders for long positions clustered below the previous low. Breaking below it could trigger a cascade of stop-losses; watch for large orders buying at the lows.
#UNI
I could be wrong too. Use your own judgment.
Current price: 5.872, below the previous low of 5.924. 24-hour trading volume: US$43.92 million.
There are often many stop-loss orders for long positions clustered below the previous low. Breaking below it could trigger a cascade of stop-losses; watch for large orders buying at the lows.
#UNI
I could be wrong too. Use your own judgment.
