Lowe's Target

Uniswap: This is what investors need to be wary of before shorting UNI

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While the bears continue to repress the bullish efforts every so often, Uniswap [UNI] has been slumping in line with the broader market.The recent buying efforts brought the alt into its sideways track as the market consolidated in the last few days.In countering the selling pressure, the buyers would aim for a break above the current pattern.

A close above the Point of Control (POC, red) could make way for a retest of the $5.7-mark. At press time, UNI was trading at $4.86.UNI Daily ChartSource: TradingView, UNI/USDTUNI’s long-term trendline support has historically encouraged short-term recoveries.

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