I'm already in another short but this looks a juicy short opportunity. At 1h you can see here
RSI at 4h is starting to show some bearish DIV but the real confirmation is the OBV and the volume itself (although we still have 2h until the closing).
I think that if the BTC uptrend continues these bearish signals will be invalidated otherwise this should dump within 26h. If UNI dumps most of DeFi tokens will follow.
Use stop loss unless you're using a small position in an isolated margin <-- that's what I usually do because I don't like being stopped and maybe seeing my target being reached, in a very volatile market like crypto it happens very often. It's a thing I don't advice you to do though, you need to be cold even if you go down a lot and it's very risky!
Good luck
I think that if the BTC uptrend continues these bearish signals will be invalidated otherwise this should dump within 26h. If UNI dumps most of DeFi tokens will follow.
Use stop loss unless you're using a small position in an isolated margin <-- that's what I usually do because I don't like being stopped and maybe seeing my target being reached, in a very volatile market like crypto it happens very often. It's a thing I don't advice you to do though, you need to be cold even if you go down a lot and it's very risky!
Good luck
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.
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.