Technical analysis by fxtraderanthony about Symbol UNI: Sell recommendation (5/1/2025)
UNI Uniswap Breakdown. Support Hit but is there More Downside?
🔎 I'm currently analyzing UNI/USDT (Uniswap paired with Tether) and observing a clear bearish trend 📉 on the daily timeframe. Price has recently tapped into a key support zone 🟦, and we’re now seeing a short-term retracement from that level.However, with Bitcoin currently overextended ⚠️ and showing signs it may pull back, there's a strong possibility that UNI could continue to drop if BTC rolls over. Correlation plays a major role here. 📊In this video, I break down essential elements of the chart:📌 Market Structure📌 Price Action📌 The prevailing Trend📌 Key Support & Resistance ZonesYou'll also hear my personal take on a potential trade setup — if price action continues to unfold in line with the criteria discussed.📚 This content is for educational purposes only and is not to be considered financial advice. 🚫💼UNI Price Action Breakdown. Support Hit but is there More Downside?