#uxlink - price analysis update:
Very bearish configaration on the daily basis! [ichimoku] ๐
Prices are sitting on the local uptrend [H4], but it looks like a sharp drop & bearish breakout could be see! ๐จ
If the 0.400$ support zone (lower) canno't hold, then the main bearish trend could continue to push prices downard (without key supports).
In case of bearish breakout, the 0.340 - 0.320 - 0.2800$ are the lower key supports to watch on๐๐ฏ
The short term price is lock between 0.4200 and 0.4280$ (range). Monitor it.
In my opinion, it's safer to wait for a daily candle close below 0.400$ to confirm such bearish scenario. The short term volatility may be huge.
Any reason to see such sell pressure? (tokeneconomics?)
This is surely not a good asset to hold for the coming days, Except if you are HOPING for a reversal...
Level by level! One week can be very bullish, and the next one bearish! โ ๏ธ