UNIUSTDT_SGORT_4HHello my subscribers, I hope that you have happy week in July.
Today, I want to express my future trading idea "SHORT" for UNIUSDT. This is position in long time so that please consider your time and mentality. Ok Let's go.
1. General: This time is cryptocurrency's winter and other financial market. LONG position is too risk so that I try to identify SHORT entry. Beside, I also check other index such as market cap (TOTAL), market cap exclude BTC,ETH,..(TOTAL2, TOTAL3,..). These indexes show me a strong bearish movement in couple of days. I have ideal conditions to think about a BIG-SHORT position but I need more stronger confirmations.
2. Price action: from 22 Jun 2022 to current time, price is moving sideway. Today, price broke under trend line but the bull have not give up yet so that price will make difficult movement here. Beside, the people who are using small TF(15M, 30M, 1H,..) for trading, please be careful with bull-trap and stop-loss hunters.
2. MACD: Histogram's slope is moving down. Beside, MACD line is moving very close to Signal line. Intersection completed, a fast movement will happen.
3. RSI: RSI line is moving 50 after touching this level as proof that downtrend is still kept continue.
Conclusion:
Price broke trend line and moving down. Beside, MACD histogram is getting low and RSI is moving under 50. Because of all these above reasons, I recommend trading strategy as below:
UNIUSDTPER - SHORT - 4H- 10x
Entry price: Current price
Stop-loss: 5.2xx.
Take profit : 3.5xx.
Feel free to let your comments and feedback.
