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