UNI / TetherUS
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Uniswap to form new lows for 2023 soon

In late 2022, the $4.95-$5 region acted as strong support, but in May this level has been severely strained.

The market structure is bearish
OBV has made new lows
Momentum is bearish

Therefore a move below $4.9 and retest of the $4.95-$5 area can offer a shorting opportunity. FVG at $5.02 could also be tested. Slightly wide stop-loss can be considered.

Entry: $4.98

Take-Profit: $4.615 (next significant support)

Stop-loss: $5.14


R:R- 2.24
shortsetupSupply and DemandSupport and ResistanceTrend Analysisunishortuniswapuniusdt

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