Ok, today I was thinking to short this just that then I've shorted UNI.
I think that since FLOW dipped around 11% it needs to bounce upward a little bit and then go down. If instead it breaks the support it'll go down right away but in that case I'll lose the train because I do 1 short per time and I'm already shorting UNI.
The chart structure to me looks bearish, I don't think the breakdown will happen today but it'll happen soon I think.
Keep an eye on it
I think that since FLOW dipped around 11% it needs to bounce upward a little bit and then go down. If instead it breaks the support it'll go down right away but in that case I'll lose the train because I do 1 short per time and I'm already shorting UNI.
The chart structure to me looks bearish, I don't think the breakdown will happen today but it'll happen soon I think.
Keep an eye on it
Note
BTC is pushing higher altcoins, FLOW included but if the zone around 25k will be the top before the new leg down from there we'll see everything going down. FLOW is currently forming bearish DIV on 4h RSI so better watch out
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.