UNIBOT: Looks Like It Will Dump Hard Before We Moon Again?

Unibot is no doubt the leading token in the Telegram bot token category, but it has been finding it hard to break out of the 200USD resistance level.

If you look at UNIBOTUSDT close, you will see a double top pattern on 4H timeframe.

The candlesticks pattern shows a level of exhaustion.

And the second leg of the double top will drive the price downward.

The risk:reward looks cool for a swing trade.

I have searched for fundamentals that could invalidate this analysis, there is no bullish upcoming event so far, therefore, I remain bearish in UNIBOTUSDT

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Also, let me know your thoughts via the comment box.

Cheers!

Trade active:

Manage your risk, and don't over expose yourself. Risking 1-2% of your trading capital is a wise choice.

Good luck, Traders!

Comment:

Now in profits, we will move SL to entry when price dumps to $170.