UNIFI DAO Head and Shoulders on the 4H TF
1. H&S on the 4H TF
2. The last candle (beginning at 04:00 UTC) depleted the daily demand zone almost completely.
3. The neckline is at 8.13. if UNIFI tests the neckline a resistance, this is your short signal.
4. The 1H and 4H RSI is close to oversold. Therefore, it could bounce up a little bit.
5. Don’t be hasty. Wait for confirmation.
Trade Idea:
• Entry: 8.13
• SL: 8.58
• Target: 5.75
• R: R: 1:5.26
2. The last candle (beginning at 04:00 UTC) depleted the daily demand zone almost completely.
3. The neckline is at 8.13. if UNIFI tests the neckline a resistance, this is your short signal.
4. The 1H and 4H RSI is close to oversold. Therefore, it could bounce up a little bit.
5. Don’t be hasty. Wait for confirmation.
Trade Idea:
• Entry: 8.13
• SL: 8.58
• Target: 5.75
• R: R: 1:5.26
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