πŸ’Ž UNIUSDT: Potential bounce waiting for us.

πŸ’Ž Paradisers, #UNI is exhibiting a bullish market structure & has taken liquidity by breaking below the supportive trendline.

πŸ’Ž You might have noticed that #UNIUSDT has bounced precisely from the bullish Order Block (OB), indicating that pending orders have been filled at this level. However, for confirmation, we need to see signs of a Change of Character (CHoCH) and a Break of Structure (BOS), and remember, the market is bearish in the short term, so caution is advised.

πŸ’Ž If the price continues to break down below this point without any bullish signals, then we might expect a bounce from the demand level, but we'll need to see bullish signs for confirmation here as well.

πŸ’Ž If the price further breaks down below these levels, it would be wise to wait for better price action to develop before making any decisions.

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