Short
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
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.
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.