Today I attempted to sell Uniswap with my stop-loss placed at 4,885 and take-profit at 4,809. Uniswap on the M15 timeframe. Looking at the price action structure, there was a sharp downward movement that formed a spike with a long wick, followed by a quick upward rebound. However, this rebound failed to create a strong bullish structure. After a brief rise, the price formed a lower high and then moved down again. This lower high pattern is characteristic of a continuing bearish trend.
