Long

UNIUSD (uniswap) triangle breakout retest or upward channel?

Updated

Either way, unless something changes looks like positive developments

Note

triangle breakout consolidated and invalidated
upward parallel channel still in play but high risk if it does not rebound soon

Trade closed: stop reached

both the triangle breakout and upward channel was hit (broken)
turned bearish when it dropped below 8.74

Note

had my attention somewhere else and hindsight is 20/20

but wanted to point out a classic case of whiplash here
very common in trading (and crypto)
and something you just have to live with, learn from and move on

the previously identified level was reclaimed (8.74), retested, confirmed and off it went

swoozshies

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