UNI / TetherUSShort
UNI is on the thin ice
Crypto markets are fragile after tightening of expectations after stronger than expected NFP print from Bureau of Labor Statistics of the United States.
With yields of 30-year bonds growing and market sentiment holding negative, the best course of action would be to try to pick shorts after false breakouts, retests of chart formations and similar price action patterns.
UNI had broken to the upside, but would unikely sustain the momentum, and may slide down as shown at the chart to the lower targets.
Don't forget - this is just the idea, always DYOR and manage your risk!
With yields of 30-year bonds growing and market sentiment holding negative, the best course of action would be to try to pick shorts after false breakouts, retests of chart formations and similar price action patterns.
UNI had broken to the upside, but would unikely sustain the momentum, and may slide down as shown at the chart to the lower targets.
Don't forget - this is just the idea, always DYOR and manage your risk!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.