$UNI UNI in Trouble? 😨📉 | M Pattern Forms, Bears Watching Closely 🐻⚠️
👀 Uniswap is flashing warning signs as a textbook M pattern appears on the charts 📊📉. This classic bearish continuation structure suggests a potential downside break if support fails to hold the neckline ⚠️💔.
📉 Sell pressure is increasing, and momentum indicators are sliding south 🚨. The RSI is flattening, hinting at buyer exhaustion 🥵📉, while the MACD lines are diverging toward a bearish crossover 💀⚡. These signals point to caution ahead!
💸 On-chain, exchange balances are climbing 🏦⬆️ — a sign that traders may be preparing to sell. 🧊 Cold wallet outflows are slowing, and wallet growth is stalling, adding more weight to the bearish scenario ⏸️📉.
📢 Social sentiment is cooling fast 🥶, with fewer mentions and weakening engagement across key platforms 📉📱. While long-term believers are still holding, short-term volatility could shake weak hands 🫨.
⚔️ Strong resistance sits just above recent highs, and unless a breakout invalidates this M formation, further downside may follow. Staying nimble is key 🧠📉.
🧯 For now, risk management is critical. Don't let emotion lead the way. This could be a fakeout — or the start of a bigger correction.
🔍 Keep a close eye on the neckline and incoming volume. If breakdown confirms, it might get rough in the short term. 📉🚨
⚠️ Not financial advice — always DYOR 🧠📚